The Big Picture Planning Building a Home Conference September 29, 2012 Cynthia R. Haddad, CFP® John W. Nadworny, CFP® Directors, Special Needs Financial.

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Presentation transcript:

The Big Picture Planning Building a Home Conference September 29, 2012 Cynthia R. Haddad, CFP® John W. Nadworny, CFP® Directors, Special Needs Financial Planning Securities and Financial Planning offered through LPL financial, member FINRA/SIPC

Watch Out! Don’t be Overwhelmed!

Planning Resources Components not in your control: Child’s income Government Benefits Components you control: Balance Sheet Parent’s income

The Balance Sheet Money in the bank Investments or long-term savings Retirement money Personal residence

Parent’s Income While you are working Save for your child’s expenses Save for your long- term needs Pay for the child’s expenses out of income While you are retired Savings Retirement funds Your social security

Child’s Potential Contribution Income: Earnings SSI/SSDI Potential Resources: Supplemental Needs Trust Adult family care PCA Section eight rental voucher

IEP Early Intervent ion Transition Planning Guardianship/SSI Residential Employment ISP Birth College SSDI Retirement Parent’s Age 65 Estate Distribution Parent’s Death The Special Needs Planning Timeline™ EI

Father retire Mother retire Child (child w/special needs) end education moves out Child (traditional child) graduate college Create Cash flow over time Age

Cynthia R Haddad, CFP ® John W Nadworny, CFP® Directors, Special Needs Financial Planning T F Thank you!