Financial Planning

A financial planner explains the considerations that must go into calculating how much will adequately fund a special needs trust, and offers a sample budget.

Under the new tax law, people whose student loan debt is discharged due to disability will no longer be taxed on the discharged income, potentially saving them tens of thousands of dollars.

Among the changes in the Tax Cuts and Jobs Act, signed by President Trump on December 22, is a provision that could provide some temporary relief for families with high medical expenses.

The amount that can be deposited in an ABLE account each year without jeopardizing public benefits will rise from the current $14,000 to $15,000 starting in 2018. ...

ABLE accounts, new savings plans for people with special needs to save for disability related expenses, may be used for an even broader array of products and services than many beneficiaries may realize.  ...

To help consumers navigate the process of opening newly available savings accounts for families of people with disabilities, the ABLE National Resource Center has launched an education and information campaign called #ABLEtoSave. ...

Sometimes people with disabilities or their families find themselves owing past-due federal taxes they cannot afford to pay.  Although notices from the IRS can be especially frightening, there are solutions. ...

ABLE accounts, the tax-free savings accounts for people with disabilities, can be used in many creative ways to make a big difference to families with special needs children. Take a look at some of the practical uses.

Through its “Build Your Future” online tool, The Arc helps adults with intellectual or developmental disabilities and their families plan ahead so they can live as independently as possible throughout their lives. ...