Dementia poses financial risks

What you need to do while you're of sound mind.

Gail Bebee 17 October, 2016 | 5:00PM

The statistics are frightening.

Today, 564,000 Canadians are living with dementia, according to the Alzheimer Society of Canada. Dementia is a term which describes a group of symptoms associated with a decline in memory and thinking skills severe enough to reduce a person's ability to perform everyday activities.

After age 65, the risk of Alzheimer's disease, which accounts for 60% to 80% of dementia cases, doubles every five years, and is nearly 50% after age 85.

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About Author

Gail Bebee

Gail Bebee  Gail Bebee is an independent personal finance speaker, teacher and the author of No Hype--The Straight Goods on Investing Your Money. She can be reached at gbebee@gailbebee.com; her website is www.gailbebee.com.