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Ecology of Money

Making a Safety Net for Cognitive Decline

It's best to address the sensitive issue early, preferably before retirement, says contributor John Wasik.

For tens of millions of Americans living in and facing retirement, the subject of diminishing brain power may be one of society's last taboos. Based on my personal experiences with parents and grandparents, I can say it's an agonizing experience to go through.

Yet there's much you can do to protect yourself or a loved one, who, when facing cognitive decline, will become vulnerable to everyone from bill collectors to swindlers. Here are some steps you can take to provide a safety net for yourself or a loved one who may develop cognitive impairment.