Category: Money

How ABLE Accounts Support Special-Needs Children and Their Families

Autism, Cerebral Palsy, Down Syndrome, Dyslexia, Epilepsy, Featured Topics, Intellectual Disability, Money, Muscular Dystrophy 06/05/201906/03/2019 admin

BY Dawn Doebler, MBA, CPA, CFP®, CDFA®, Senior Wealth Advisor ABLE accounts are an important planning tool alongside more-traditional techniques such as special-needs trusts. One financial challenge that many families with special-needs children confront is funding the ever-growing expenses that their child may need over their lifetime. With additional costs of important medical and support care often reaching over $100,000 per year for a special-needs child, many families look to special government programs to fill […]

ABLE Accounts and Special Needs Trusts Can Be a Winning Combination

Autism, Cerebral Palsy, Down Syndrome, Epilepsy, Featured Topics, Intellectual Disability, Learning Disabilities, Money, Muscular Dystrophy 04/03/201903/19/2019 admin

This article was written by The Special Needs Alliance (SNA). The Special Needs Alliance is a national organization comprised of attorneys committed to helping individuals with disabilities, their families and the professionals who serve them. Learn more about the SNA: www.specialneedsalliance.org.  ABLE accounts and special needs trusts (SNTs) are both financial tools for managing funds without affecting an individual’s eligibility for such means-tested programs as Medicaid and Supplemental Security Income (SSI). But that’s pretty much […]

ABLE Accounts 2019: Top Questions

Autism, Cerebral Palsy, Down Syndrome, Epilepsy, Featured Topics, Intellectual Disability, Money, Muscular Dystrophy 03/27/201903/19/2019 admin

What are the ABLE savings limits for 2019? ABLE accounts are protected savings opportunities for people who have a significant disability with an onset prior to age 26. For 2019, friends and family can contribute up to $15,000 directly into an ABLE account. ABLE account owners who work, and do not have an employer- sponsored retirement account, may save up to $12,140 in additional savings from their earnings. Can I save income within ABLE to […]

Assisted Living Options for People With Disabilities

eParent Connect, Featured Topics, Money 03/11/201903/06/2019 admin

Seniors and people with disabilities often need supportive living options. When the time comes to start considering your options for assisted living, it’s easy to become overwhelmed by the sheer number of housing options. Not only are there different categories of assisted living to choose from, there are also a plethora of homes from which to choose. The right choice depends on a number of factors, including support needs, expense, and personal preference. Once a […]