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Building a Comprehensive Care Plan for Children and Adults with Special Needs
Creating a comprehensive care plan for individuals with special needs is a multifaceted task that requires careful consideration of medical, educational, social, and financial needs. The goal is to ensure that the individual receives the best possible care while promoting their independence and quality of life. Here are the essential components to consider:
Medical Care and Management
The foundation of a comprehensive care plan is a thorough understanding of the individual's medical needs. Thi…
Special Needs Financial Planning: Securing a Bright Future for Your Loved Ones
This blog post aims to provide you with comprehensive and up-to-date information on the key aspects of special needs financial planning, equipping you with the knowledge to make informed decisions for the well-being and prosperity of your family.
Supplemental Security Income (SSI)
Supplemental Security Income (SSI) is a government program that assists children and adults with special needs and their families in the United States. SSI provides financial support to children who have a qualifying disability and meet specific income and asset requirements. In this article, we will discuss the eligibility requirements for SSI, how to apply for benefits, and the benefits of the program for children and adults with special needs.
SOCIAL SECURITY DISABILITY INSURANCE (SSDI)
Social Security Disability Insurance (SSDI) is a federal program designed to provide financial assistance to individuals who are unable to work due to a medical condition that is expected to last at least one year or result in death. For people with special needs, SSDI benefits may be available to children and adults to help offset the costs associated with their condition.
Why Multifamily Syndications is a Safer Investment than Single-Family Homes
Investing in real estate can be a profitable venture, but it can also come with a lot of risks. As a real estate investor, it's crucial to understand the potential pitfalls and choose the right investment option that offers better protection for your assets. While many investors choose single-family homes for their real estate investments, multifamily syndications can be a safer option. Here are some reasons why:
WHY YOU SHOULD BE INVESTING IN AFFORDABLE HOUSING RIGHT NOW
Affordable housing is one of the safest investments you can make right now. The demand for affordable housing is going to continue to increase as inflation continues to drive up rents. Fewer apartment units were built in the last few years, due to high construction costs...
Turning 240K into 5M
I sat down with my son, Alex, today and told him I set up a self-directed Roth IRA for him. As you can imagine, this was super exciting news for a 19-year-old! What youngster isn’t eager to hear about the money they won’t be able to touch until they are nearly 60 years old BUT, I got his attention when I showed him the graph below. By contributing only $6,000/year (max allowed contribution), a total of $240,000 between now and his retirement age, he can easily have over $5 MILLION by the time he…