The Washington Post ran an article analyzing financial and retirement planning where one spouse has Alzheimer’s and Parkinson’s. The article begins as follows:
We recently asked readers to tell us about their financial planning for retirement and promised to have experts review readers’ plans and offer advice. One of the first responses we received was from Betsy Campana, 63, who works fulltime as a pharmacist at a hospital in Milford, De., where she and her husband moved after he retired. Ken Campana, 72, is a retired meteorologist with the National Weather Service.
The Campanas are relatively well off in many ways, but they face challenges, including the cost of Ken’s care for Alzheimer’s and Parkinson’s diseases in a long-term care facility and Betsy’s concerns about how much longer she will be able to work.
“My concern is that as long as I am able to work, I seem to be okay financially,” Betsy wrote. “But I am worried that he will outlive my ability/desire to work, and I don’t know if I can survive if that happens.”
We asked two experts to take a look at the Campanas’ situation and to share their thoughts and suggestions. Our experts are Richard W. Johnson, director of the Urban Institute’s Program on Retirement Policy, and Mehmood Nathani, who in 2001 founded Altius Financial Advisors, a Bethesda-based fee-only firm that provides financial advice and manages investments.