Financial Planning

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.

Among the many questions surrounding ABLE plans is who can open accounts?  Only the person with a disability? Parents?  Other relatives? Friends? ...

Section 529 College Savings Plans can be an excellent investment tool when saving money for a child’s educational expenses. But if the child receives Supplemental Security Income  benefits, families should be cautious.

A new audit finds that the government likely overpaid hundreds of millions of dollars to certain SSI beneficiaries. As many as 77,000 beneficiaries may be forced to pay back some or all of their overpayments.

Trustees of special needs trusts generally have wide discretion in determining whether to distribute funds to trust beneficiaries. But if the person with disabilities receives SSI, care should be taken when using trust funds to pay for housing.

State ABLE savings programs aren't attracting enough account holders to keep afloat financially, according to early projections.  Changes are needed, say disability advocates.  ...

Certain low- and middle-income workers will now be eligible for a tax credit when they contribute to ABLE accounts for people with special needs. ...

Recently passed legislation offers new tools to better protect Social Security disability beneficiaries from representative payees who abuse their position.

Understanding what benefits might be available to your child or loved one with special needs can be confusing. Childhood disabled beneficiary benefits (CDBs) are a case in point.