The discussion around finances can be daunting for any family. But a family with a child with special needs requires even more strategic planning. How can I afford the added expenses of raising a child on the spectrum? What can I do now to ensure my child is cared for when I’m gone? Parents caring for a child with autism already face many more expenses today than other parents; from therapy sessions to assistive support. Outside of the support through governmental funding, it’s important for parents to look at alternative private sources/savings for the increasing costs of care. The best way to address it, is to map out a plan that works for you and your family. Looking into all of the resources available and talking through your options with a financial planner is the best way to ensure peace of mind and security for your child’s future. Here is a short list of options for you to look into: • Special Needs Trusts • ABLE Accounts: A Savings Tool for Individuals with Disabilities • State funding/federal programming • Local programming Your child depends on you for so much, but keep hope for a future, independent living, college, and other options open by exploring the possibilities today! Follow All Pieces Fit on Facebook and read more helpful articles at allpiecesfit.com.
Securing Your Child's Financial Future
Putting away money for their future