If you’re the parent of a disabled child and you haven’t started planning for their financial future, I need you to hear something first: you’re not behind.
Great and easy to digest summary Gary!!! I have one more add in favor of an able acct - the unexpected ssdi “catch up” check can throw someone over the $2000 threshold. Once someone is on disability, it could be retroactive up to 2 years. A loved one was granted a one time $14k payment. Having the able account allowed us to reserve the money to use it for her needs over time instead of having to spend down immediately.
Thank you! For the compliment and the example. It amazes me how many families have to navigate supporting their loved ones without information you just shared!
Great and easy to digest summary Gary!!! I have one more add in favor of an able acct - the unexpected ssdi “catch up” check can throw someone over the $2000 threshold. Once someone is on disability, it could be retroactive up to 2 years. A loved one was granted a one time $14k payment. Having the able account allowed us to reserve the money to use it for her needs over time instead of having to spend down immediately.
Keep doing this good and important work!!!
Thank you! For the compliment and the example. It amazes me how many families have to navigate supporting their loved ones without information you just shared!