Are you, or those you know, caring for a disabled family member? Tara Siegel Bernard, a personal finance reporter for The New York Times, has some good, long-term financial advice to share:
Full article at The New York Times
"Planning for family members with special needs can be overwhelming,
particularly when so many decisions may have lifelong consequences. Beyond
figuring out the intricacies of government programs, parents fret over
guardianships, how governmental services may erode and what legal
documents they need.
And soon there will be a new savings account to consider, known as a
529A or ABLE account, which will permit people with disabilities to keep more
money in their own names without losing means-tested benefits.
Here are tips for families beginning to plan for individuals with special
needs:"
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