Financial Planning for Families Affected by Autism - Financial planning is critical for families affected by autism, including considering retirement plans, special needs trusts, and ABLE accounts [2][3] - Autism is a lifelong condition, with a significant number of adults with autism and individuals aging out of children's services each year [4] - Families affected by autism need to balance saving for their own retirement with saving for their children's needs, which can be challenging and may require delaying retirement [6][7] - Starting early with financial planning is crucial, as these processes are complex and not typically covered in standard financial literacy education [1][31][32] Special Needs Trusts - Special needs trusts are foundational for families affected by autism and should be considered early, ideally when the child is in their early teens [9][10] - A major mistake is waiting too long to set up a trust, as direct gifts to the individual can disqualify them from government benefits [11][12] - Special needs trusts are a primary mechanism to set up savings that will not impact an individual's ability to access government resources [12] ABLE Accounts - ABLE accounts are similar to 529 plans, funded with after-tax dollars, but the growth is tax-free upon distribution, with a limit of $18,000 per year [17] - Unlike 529 plans, ABLE accounts have a broader definition of qualified expenses, including housing, food, and transportation [18] - Special needs trusts and ABLE accounts should ideally be used side by side to provide flexibility and longevity in financial planning [19][20] Government Benefits and Support - Individuals with autism are no longer eligible for school services after their 22nd birthday [21][22] - Medicaid is the primary funding source for adults with autism, providing services for employment, medical care, and home and community-based services [23] - It is important to build a support network, including legal guardianship and letters of intent, to ensure the best plan is in place for the individual's future care [29] Retirement Planning Misconceptions - The objective of retirement planning is maintaining a certain standard of living, focusing on real income and spending adjusted for inflation [38][41] - Series I savings bonds offer a fixed real rate of interest and are a safe place to invest, helping individuals understand inflation [42][43] - Stocks can be risky for retirement planning, and the notion that stocks are not risky in the long run is a fallacy [45][46]

The gap between rich and brokeis usually just who stuck with the boring plan. ...

一旦掌握這7個人生複利公式，你的人生將開始快速成長 https://youtu.be/Uz0awqTLJeA 會員頻道的內容會依照這7個公式，一步步陪你實踐 👉 加入會員頻道，從第1個公式開始實踐：https://bit.ly/goldenrich-members ☕️ 如果你想免費支持我們，這裡有個簡單的方法： 👉 https://bit.ly/GET-IBKR 🙏 點擊連結沒有任何費用，每次點擊都能幫助支持我們的頻道。IB盈透證券：全球領先、備受信賴的投資平台，交易覆蓋150個市場，低成本、資金靈活，是多元化投資的理想選擇！ (Disclosures: https://bit.ly/content-disclosure) 美國房市警訊！便宜10萬的聯排＝百萬陷阱？30年後資產竟少鄰居146萬，全美社區已淪陷！ 一張產權，差百萬。 你敢確定，你買到的是會放大的資產，而不是會吞噬現金流的陷阱嗎？ 🔔 貼心提醒 訂閱後不要忘記按旁邊的鈴鐺 才不會錯過最新上傳的節目唷 ⚠️ 免責聲明：堆金積玉不是財務顧問，該頻道的所有視頻僅用於教育目的。一切投資都存在風險，儘管可以將風險降至最低，但您的投資完全是您的個人責任，您 ...

Investment Strategy - Investment decisions should be tailored to individual timelines and financial goals [1] - A diversified investment approach, utilizing a mix of different accounts, is often the most effective strategy [1]

Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 ...

Main Argument - Life insurance is presented not just as a death benefit, but as a powerful financial tool for wealth building while alive [1] - The episode aims to debunk myths surrounding life insurance and highlight its potential as an overlooked $70 billion side hustle in America [1] Podcast & Yahoo Finance Focus - "Financial Freestyle" on Yahoo Finance promotes economic prosperity through expert insights, practical advice, and success stories [1] - The podcast aims to empower listeners to build and grow wealth, fostering financial freedom and inclusive economic growth [1] Call to Action - Encourages listeners to subscribe to "Financial Freestyle" on Apple Podcasts, Spotify, or other podcast platforms [1] - Directs viewers to Yahoo Finance for the latest news, market data, and financial management resources [1]

Behavioral Finance & Investment Biases - The speaker argues that people are inherently lazy and greedy, leading to a desire for instant gratification, which negatively impacts investment decisions [1][3] - The financial industry is affected by people's sentiments and behaviors, which are formed by habits [6] - Speculation is increasing among all generations due to impatience and the need for instant gratification, with a large percentage of exchange volumes being futures and options [5] - Good investment habits include regular saving, investing, and sticking to a financial plan with disciplined asset allocation [6][7] - Bad investment habits include buying based on tips, following social media influencers blindly, and deviating from a financial plan due to short-term gains [8] Investment Risks & Cognitive Biases - Greed, exemplified by over-allocation to small-cap stocks, can lead to excessive risk-taking and significant losses [9][10] - Fear of missing out (FOMO) drives people to invest in already high-priced assets, reducing the risk-to-reward ratio [10][12] - Overconfidence, fueled by market rallies, can lead to abandoning studies or jobs for speculative trading, which is a dangerous trend [13][14] - Availability bias can lead to making decisions based on recent, frequent, and extreme information, rather than a comprehensive view [17][18] - Confirmation bias leads investors to seek out opinions and information that confirm their existing beliefs, ignoring contradictory information [19][20][21] - Herd mentality can lead to scams and inflated prices, making it crucial to be a contrarian investor [23][24] - Anchoring bias, where investors fixate on their purchase price, can prevent them from selling losing investments and missing out on better opportunities [26][27] - Endowment bias, where people overvalue what they own, can hinder rational decision-making about assets [28][30] Overcoming Biases & Improving Investment Decisions - Understanding and overcoming biases is crucial for making better decisions and becoming a successful investor [15][16] - The speaker advises to control urges, delay instant gratification, and be aware of personal biases [31]

Baby boomers are set to pass on trillions of dollars to the next generations in the coming years. Much of it is expected to go to women. On this episode of Money Unscripted, Ally sits down with Alex Roca, the new host of Fidelity’s Women Talk Money show to answer women’s two biggest questions: Is it too late to get started and where should I put my next dollar? Hint: It’s never too late. From starting where you are to defining your priorities to keeping your saving and investing consistent, Alex has the tip ...

Financial Planning - As a new mom, planning for her daughter's future is a priority [1] - The author sought advice from ChatGPT before opening a savings or brokerage account [1] - The article discusses what ChatGPT advised and what it missed in financial planning for a child's future [1]

Current and prospective parents need to calculate if they can financially subsidize an adult child for the long-term, @BrokeMillennial (via @opinion) https://t.co/onxaqcGEBp ...