Future Planning for your Child with Disabilities

green piggy bank

Saving for the future is important for everyone but having a financial plan for children with disabilities is critical. If the natural order prevails, children will outlive their parents; how those children with disabilities will be cared for is a major source of concern for most parents.

The Achieving a Better Life Experience Act (ABLE) has been doggedly making its way through Congress for the past seven years. The idea is to authorize a 529-type plan that would allow parents and caregivers to put aside money tax-deferred, to be used for education, housing, transportation, therapy, rehabilitation and assistive technology. Easier and less expensive to set up and maintain than trust funds currently used, the Act has 342 co-sponsors in the House and 66 in the Senate.

This account could also be used by those with disabilities to save more than the $2000 allowed if they receive SSI funds, meaning they could be more responsible for their own futures.

It would seem to be a no-brainer, but the fact that it’s been in the works for seven years would say otherwise. This editorial in the New York Times talks about it more; go take a look for the details and examples of who and how this would help. And if you think it’s a good idea, take a minute to contact your Congressman to let them know how you feel.

Related Posts

Therapist working with low tone boy.

Special Needs

Understanding Low Muscle Tone in Children

Hypotonia, or low muscle tone, is a condition in which a child’s muscles appear floppy, weak, or less stiff than expected for a child.

Ivan sleeping in his Safe Place Bedding Travel Bed.

Sleep, Special Needs

Safe Place Bedding Travel Bed Review

Traveling with a special needs child can be stressful! Having a safe, durable, and easy to use travel bed can make traveling so much easier!

CCLVI logo on a purple background.


Council of Citizens with Low Vision International (CCLVI)

The Council of Citizens with Low Vision International (CCLVI) is dedicated to providing information and tips to help you live well with vision loss.