Advance Your Wealth - Financial Planning for a Special Needs Child
On the latest installment of Advance Your Wealth, we’re going to examine a challenge that many parents face: raising a child with special needs.
There are a number of financial planning strategies and solutions that can help parents navigate a path through the financial uncertainty that comes with raising a child with special needs. Listen as Homer shares his own personal experiences with this topic and the various solutions available to help parents along the way.
Timecodes:
0:06 - Introduction and overview on the topic of the day
2:32 - The challenges that arise for parents who have a special needs child
4:19 - The various expenses that arise
5:30 - The need for long-term financial planning is paramount
7:56 - Government assistance that is available for these cases
9:00 - The ABLE account and its value
12:50 - There are a number of options available
14:25 - How you can get in touch with Homer and his team to discuss this topic further
15:31 - Closing remarks
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