For those of you who follow sports as well as investing, you probably crossed path with the news item last week that Denver Broncos owner Pat Bowlen is stepping down after the revelation that he has been battling Alzheimer’s for the past several years.
That naturally triggers a discussion of the most uncomfortable topic in investing: What is a self-directed investor to do upon receiving notice that he will be gradually losing his cognitive functions, and must plan accordingly?
It’s a complex discussion, and often the investment portfolio gets put on the back burner (when you’re wondering what it will be like for your wife of fifty years to deal with you not recognizing her anymore, or what it will be like for your children to continue growing up with a father who is there in but not in mind, you may not get around to figuring out what to … Read the rest of this article!