#552 - Securing Their Future - Retiring with Special Needs Children

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.

How to plan for your special needs child’s care in retirement

While there are certainly emotional factors involved, caring for your special needs children in retirement means simply adding another layer to your financial plan. Essentially, you’re extending your financial plan beyond your own life expectancy.

The question then is: how do you do that with the resources you have? It’s important to explore your (and your children’s) potential social, human, and financial capital.

The next factors are the opportunities and risks that come with planning for the care your child may need. The earlier you get started planning, the clearer the path may come.

Listen in to learn how to approach this process and navigate all the considerations while still enjoying your retirement.