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

Portrait of a baby with cerebral palsy on physiotherapy in a children therapy center.

Special Needs

Weighted Vests for Kids: Benefits, Strategies & Guidelines

Weighted vests are a sensory tool that give your child all the benefits of a soothing, comforting hug and can decrease anxiety and improve self-regulation.

Six blue origami birds being led by one yellow origami bird.

Tactile Art, Visual Impairment

Accessible Origami for the Blind and Visually Impaired

Accessible Origami provides basic text-only step-by-step instructions on how to fold popular origami figures for people who are blind or visually impaired.

Brushing her hair hurts.

Special Needs

Tactile Defensiveness in Children: Strategies to Help

Concerned about your child’s strong reactions to being touched? Learn more about tactile defensiveness and how you can help your child manage their response to sensory information.