Episode 78: Your Finances and Dementia
Your Canadian Retirement Specialist
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Show Notes
As people age, the chances of getting dementia or Alzheimer's increase.
One in 20 Canadians over 65 has dementia, and this number increases to one in four Canadians aged 85 and over.
Given that the effects of dementia can be extremely gradual, it can be difficult to tell if you or a loved one is experiencing the early signs of dementia or if these are just symptoms of normal age-related memory loss.
It can also be difficult to know when to start making decisions for your loved ones or handing over your decision-making to someone else if you're experiencing the early signs of dementia.
In this episode, I explore how to tell the difference between symptoms of dementia and those of age-related memory loss, and how to protect the finances of someone who has dementia.
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Regan Schiller holds his Certified Financial Planner, Registered Retirement Consultant and Certified Life Underwriter designations. He is an Executive Financial Consultant licensed under Investors Group Securities Inc.Mutual funds and investment products and services are offered through Investors Group Financial Services Inc. (in Québec, a Financial Services firm). Additional investment products and brokerage services are offered through Investors Group Securities Inc. (in Québec, a firm in Financial Planning). Investors Group Securities Inc. is a member of the Canadian Investor Protection Fund. Commissions, fees and expenses may be associated with mutual fund investments. Read the prospectus before investing. Mutual funds are not guaranteed, values change frequently, and past performance may not be repeated.
LIRA regulations vary provincially. For more information on LIRA in your area, please refer to your provincial government's website. Additional information on the Canada Pension Plan and Old Age Security can be found at:
www.canada.ca/en/services/benefits/publicpensions.html.
Music courtesy of LesFM: https://lesfm.net.