06/13/2026
Today, Wisdom Watch Alliance had the privilege of partnering with RVA Financial, the Alzheimer’s Association, and Carnelian Wealth Solutions for a meaningful conversation about caregiving, finances, and brain health.
Hosted in the boardroom at RVA Financial, the gathering was intimate and the conversation was rich. Around the table were individuals representing a wide range of experiences and perspectives, including caregivers, social work, residential care, care advocacy, financial services, and education. The diversity of lived experience created a powerful exchange of ideas and insights.
One message came through clearly: caregiving often carries a significant financial burden. Many families find themselves paying for care out of their own pockets, and a lack of early planning or awareness of available resources can make difficult care decisions even more challenging.
We also explored a reality that resonated with many in the room—the culture of silence that often surrounds conversations about money, long-term care, and end-of-life planning in the African American community. For some families, these discussions can be accompanied by fear, apprehension, or concern that questions may be misinterpreted as attempts to control or take advantage of a loved one. Yet avoiding these conversations can leave families unprepared when important decisions must be made.
The discussion also highlighted the unique financial challenges associated with dementia. Unlike many acute illnesses, people may live for years—sometimes more than a decade—with Alzheimer’s disease or other forms of dementia. As a result, dementia is among the most costly chronic health conditions for families, often requiring long-term support, supervision, and care.
Another sobering statistic shared during today’s discussion was that victims of elder financial exploitation can lose tens of thousands of dollars. Some studies have found average losses approaching $40,000 per victim, underscoring the importance of financial planning, trusted support systems, and safeguards against exploitation.
These conversations are layered and complex. There is no single solution, and no single conversation is enough. Progress happens one conversation, one family, and one community gathering at a time.
For those who missed today’s program, the good news is that there will be another installment of the series on the second Saturday in August at RVA Financial. Here is the link to register: https://form.jotform.com/261044143302037
We will also continue offering opportunities for attendees to learn about brain health, including free brain health check-ins provided by Wisdom Watch Alliance.
We are in this together as a community. By talking openly about caregiving, finances, brain health, and planning for the future, we can replace fear with preparation and isolation with support.
