Retirement Planning Guide for Families Raising a Child With A Disability

Jeff Vistica
CFP®, ChSNC®, AIF®
December 20, 2022

Retirement planning can be a challenge under any circumstance, but it’s especially daunting for families raising a child with a disability.1 

Raising children is expensive. According to the U.S. Department of Agriculture, parents will spend about $233,000 ($284,000, if you factor in inflation) between birth and age 17. These costs include housing, food, child care, and education.

By some estimates, costs can quadruple for children with special needs, depending on the nature and severity of the condition. A special needs financial planner can provide expert knowledge and help you build a detailed retirement plan.

This guide can help you plan for those costs while you are alive and after your death.

Retirement Planning Guide for Families Raising a Child With A Disability

Sources:

1 https://www.moneygeek.com/financial-planning/resources-for-parents-of-children-with-special-needs/

2 https://www.legalshield.com/blog/guardianship/different-types-guardianship/

3 http://www.supporteddecisionmaking.org/sites/default/files/Supported-Decision-Making-Teams-Setting-the-Wheels-in-Motion.pdf

4 http://www.supporteddecisionmaking.org/states

5 https://www.specialneedsalliance.org/the-voice/your-special-needs-trust-snt-defined-2/

6https://www.ablenrc.org/what-is-able/what-are-able-acounts/

Jeff Vistica is the managing principal of Vistica Wealth Advisors based in Carlsbad, CA. He is a CERTIFIED FINANCIAL PLANNER™, a Chartered Special Needs Consultant® a Chartered Financial Consultant® and an Accredited Investment Fiduciary®. He earned an Executive Financial Planner Advanced Certificate from San Diego State University and his bachelor’s degree from Loyola Marymount University. Vistica Wealth Advisors is an SEC registered investment advisory firm. Information was compiled from third-party sources believed to be reliable, however Vistica Wealth Advisors cannot guarantee the accuracy of that information. Hyperlinks to this third-party informational content and websites are provided solely for reader convenience. Information provided is for informational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Prior to implementing any strategy, everyone is advised to consult with the appropriately licensed professionals to assess your individual situations and needs.
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