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Plan for Incapacity Before You Need To

Every investor in their 60s should be prepared for the large possibility that they could experience a cognitive decline in their 80s, says Harvard professor David Laibson.

Christine Benz: Hi I'm Christine Benz for Morningstar. I'm here at the Morningstar Investment Conference with David Laibson. He is the Robert I. Goldman Professor of Economics at Harvard. David, thanks so much for being here.

David Laibson: My pleasure.