Special Needs Financial Planning | Turning 22
Shepherd Financial Partners is an independent, full-service financial and wealth management practice. Our goal is to provide you with superior, comprehensive financial and wealth management services in the context of a personal, long-term commitment.
Shepherd Financial Partners is an independent, full-service financial and wealth management practice. Our goal is to provide you with superior, comprehensive financial and wealth management services in the context of a personal, long-term commitment.
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Turning 22

Turning 22.

 

School’s out!

 

Now many supports are gone and the choices set before you for your child’s future are more complex.

 

Individuals with disabilities have a right to live as independent a life as possible, in the community or in their family home.  We have a list of resources for families here

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View "Basic Steps of Special Needs Financial Planning"

Yes, Please!

UNIQUE PLANNING REQUIREMENTS

  • At this point, since your child is now leaving the public school system and services, you should have already gone through the transition planning.  He/she should already have established a day program as well as transportation and residential eligibility.   
  • If you have not yet identified local support agencies that specialize in providing information and services for your child’s specific needs, you need to so as soon as possible.
  • Maintain a balance in your overall planning to include the needs for other children as well as your own needs – both personal and financial.
  • Determine an adequate amount of life insurance needed in the event of a premature death of a caregiver.
  • Review your financial and estate plans.
  • Include adult brothers and sisters in your plan for your child’s future.

Special Needs Planning Story

INDIVIDUAL CASE STUDY

My son is now 27, when he was 22, I was not ready for him to move out of our house.  Since he had his brother sand sisters at home, he was part of the crowd whe all of their friends were at our house.  Now, the other children have been moved our of the house for 10 years and we need help.  We’re tired and can use a break.  When we were ;planning for our retirement years, we never planned to have to pay for his quality of life as well as our how.  I wish we had planned better.   – Steven’s mother

READING ROOM

Below are a few articles relating to planning for your child at this stage.  For more information visit  WHAT WE’RE SAYING.

  • Diary of a Dream IV

    Diary of a Dream IV

    VIEW MORE
  • Considerations When Planning a Home for Your Child with a Disability

    Considerations When Planning a Home for Your Child with a Disability

    VIEW MORE
  • Child’s Age 22 and Beyond: Transitioning from Home to Independence-Part 1

    Child’s Age 22 and Beyond: Transitioning from Home to Independence-Part 1

    VIEW MORE

1 There is no guarantee that a diversified portfolio will enhance overall returns or outperform a non-diversified portfolio. Diversification does not protect against market risk.

2   Investing involves risk including loss of principal. No strategy assures success or protects against loss.