New Study Explores the Role of Caregiver

Once again MassMutual and Easter Seals have collaborated on a study, this one focused on caregiving. The purpose of the Many Faces of Caregiving Study was to increase understanding of caregivers, become better aware of caregivers’ needs, and improve upon the ways MassMutual and Easter Seals serve caregivers and their families. About caregivers The study asked questions of 341 caregivers and 701 non-caregivers (a fairly equal balance of men and women between the ages of […]

ABLE Accounts and Special Needs Trusts: A Side-by-Side Review

The availability of ABLE accounts is imminent. Many people have anticipated this new way to save money for a person with special needs. But does it take the place of a special needs trust? “A special needs trust and an ABLE account have some similarities, but one doesn’t negate the need for the other,” says Chris Collier1, CLU, ChSNC, who is a Special Care Planner and has earned the Chartered Special Needs Consultant designation.2 He’s […]

ABLE Accounts Are Coming! Is It Really What You’ve Been Waiting For?

Many individuals and families who live with special needs are eagerly anticipating the availability of ABLE accounts. What is an ABLE account? Is it something you’ll want? Or need? Are you even eligible to have one? “It’s been a long wait,” says Chris Collier1, CLU, ChSNC, who is a Special Care Planner and has earned the Chartered Special Needs Consultant designation.2 He’s with the Innova Financial Group3 in Cincinnati, Ohio, a general agency of Massachusetts […]

Do You Need to Name an Executor of Your Estate? Seven Questions and Answers to Help You Decide.

Estates vary regarding valuation and complexity. In its simplest definition, if you own assets, you have an estate. If you also have debts and/or a will, you may need someone to settle your estate when you die. “Most individuals understand the importance of creating a financial strategy or a life care plan1 for their family, especially when a family member has special needs” says Connor W. Kavanaugh, who is a Special Care Planner2 with MassMutual-Oregon3 […]

Financial Matters to Consider When a Family Member’s Death is Expected

A family member’s death and the grief we feel is difficult to endure, especially if the death is sudden and shocking. But sometimes we know in advance a person’s life will soon end. “Expecting a death doesn’t minimize grief,” says Leizer Gewirtzman1, CPA, ChSNC, who is a Special Care Planner2 with Lee, Nolan and Koroghlian, LLC3 in Saddle Brook, New Jersey, a general agency of Massachusetts Mutual Life Insurance Company (MassMutual). “However, it allows time […]

Don’t Need Government Benefits? Create a Financial Strategy As Though You Do.

If you have a child with special needs who’s nearing adulthood, you may hear that you should take precautions to protect eligibility for government benefits. But what if you don’t want or need those benefits for your child? “Even if you believe you have plenty of money to care for your child,” says Lea Bancroft, MSFS, CLU, ChFC, ChSNC, a Special Care Planner1 associated with MassMutual Rochester2 in Rochester, New York, a general agency of […]

Early Intervention is Smart for Finances, Too

As important as early intervention is to the health and wellbeing of your child, so is early attention to creating a financial strategy for your family. “Parents with a child who’s recently been diagnosed with a life-changing injury, illness, or condition has little time for other concerns,” acknowledges Chadwick Noyes, CLU, ChFC, ChSNC, a Special Care Planner1 with Hoopis Financial Group2 in Chicago, Illinois, a general agency of Massachusetts Mutual Life Insurance Company  (MassMutual). “However, […]

Retirement Planning Deliberations – Because Planning Deliberately Pays Off

Think about what you’ve done to plan for your retirement. Go ahead. Give it some thought. Now imagine that your retirement begins… tomorrow. Are you ready? Have you done everything you should have done? If you’re wincing or your heart has ramped up its pace a bit, take a deep breath. Relax. Even if retirement is just a few years off, there are still some things you can do to prepare. And if many years will […]