Tuesday, June 15, 2021

Parents- Saving for your child's furture

 Parents, 


It is important for you to save for your child's furture. But how do you do this without them losing their benefits.  Have you heard of ABLE plans. They are savings plans that parents and others can invest in that do not effect your child's federal disability benefits. 


Here is a link to more information:

https://www.cnbc.com/2020/01/07/how-to-set-a-family-member-with-a-disability-on-a-great-financial-path.html

Why might you want to save for your child if they have will have federal benefits:

  • buy a house or condo 
  • buy furniture
  • go on vacations as an adult
  • improve quality of life 
  • pay for classes or training opportunites
  • pay for a care service they don't qualify for or additional services
  • start a small business

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