Retirement Answer Man

If you have a special needs child, you know that your retirement plan will need to include plans for their future. How do you create a great retirement while honoring and caring for your child with special needs who will most likely live beyond your...

Show Notes

If you have a special needs child, you know that your retirement plan will need to include plans for their future. How do you create a great retirement while honoring and caring for your child with special needs who will most likely live beyond your years? That’s what we’ll be learning today. 
In this episode, Matt from Haystack Financial Planning joins me to explore this question. His practice specializes in serving the disabled community and he offers years of experience in this area. Press play to learn what you can do to take care of your children while making the most of your retirement. OUTLINE OF THIS EPISODE OF THE RETIREMENT ANSWER MAN RETIREMENT PLANNING WHEN YOU HAVE A SPECIAL NEEDS CHILD 
  • [2:30] Why Matt chose this path
  • [4:25] How to plan for your child’s needs
  • [7:40] How to determine the costs needed
  • [12:02] What other tools do these children have available to them?
  • [14:38] What is an ABLE account
  • [20:07] How to approach guardianship
  • [22:42] Resources to help
LISTENER QUESTIONS WITH NICHOLE 
  • [24:42] How Nichole has been doing
  • [25:25] Maggie’s backdoor Roth conversion question
  • [29:38] On the order of withdrawals in retirement
  • [33:33] How much will I need to self-insure for long-term care?
  • [40:46] How to handle finances as a newly married couple
  • [45:55] My plans with Michael Easter
TODAY’S SMART SPRINT SEGMENT 
  • [47:39] Limit your exposure to mainstream media related to the election
Resources Mentioned In This Episode
Haystack Financial Planning
 ABLE 529 account
BOOK - The Special Needs Planning Guide by John Nadworny
BOOK - Retire Secure for Parents of a Child with a Disability by James Lange
Rock Retirement Club
Roger’s YouTube Channel - Roger That
BOOK - Rock Retirement  by Roger Whitney
Roger’s Retirement Learning Center

What is Retirement Answer Man?

A top retirement podcast. Roger Whitney, CFP®, CIMA®, CPWA®, RMA, guides you on how to actually do retirement well financially and personally. This retirement podcast isn't afraid to talk about the softer side of retirement. It will teach you how to retire with confidence. Two-time PLUTUS winner for best retirement podcast / blog and the 2019 winner for best financial planner blog. This retirement podcast covers how to create a paycheck, medicare, healthcare, Social Security, tax management in retirement as well as retirement travel and other non-financial issues you'll need to address to rock retirement. Retirement isn’t an age OR a financial number. It’s finding that balance between living well today and feeling confident about your retirement. It’s about gaining more freedom to pursue the life you want. Join the rock retirement community at www.rogerwhitney.com