1. Special Needs Financial Planning The Key to Creating and Sustaining an Enviable Life
2014
John W. Nadworny, CFP®, Alexandria Nadworny, CFP®
Special Needs Financial Planning
Securities and Financial Planning offered through LPL financial, member FINRA/SIPC

2. Planning for Two Generations
The Special Needs Planning TimelineTM
Planning for Two Generations
Early
Intervention
Guardianship
SSI
College
Residential
Employment
ISP
Transition
Planning
Retirement
SSDI
Estate
Distribution
IEP
Parent’s
Age 65
Parent’s
Death
Age 3
Age 15
Age 18
Age 22
Birth
Child’s
Death
Special Needs Planning Time Line
Traditional Planning Time Line
Reprinted by permission from The Special Needs Planning Guide: How to Prepare for Every Stage of Your Child’s Life,
by John W. Nadworny, CFP®, ChFC, MBA and Cynthia R. Haddad, CFP®
Copyright © 2007 by Paul H. Brookes Publishing Co., Inc
Securities offered through LPL Financial: Winchester, MA, Member FINRA/SIPC

3. Planning For The Future
The Five Factors™ of Special Needs Planning
Legal
Financial
Special Needs
Financial
Planning
Family & Support
Government Benefits
Emotional
Reprinted by permission from The Special Needs Planning Guide: How to Prepare for Every Stage of Your Child’s Life, by John W. NadwornyCFP®, ChFC, MBA and Cynthia R Haddad, CFP®
Copyright © 2007 by Paul H. Brookes Publishing Co., Inc. ( or ) Securities and financial planning offered through LPL Financial: Winchester MA, Member FINRA/SIPC

4. The Keys to Creating and Sustaining an Enviable Life
Public Resources/ Agencies
Family & Support
Siblings & Future Advocates
Public Funded Housing Options
Legal and Estate Planning
Private Provider Agency
Personal Financial Resources

5. Special Needs Financial Planning
FAMILY & SUPPORT FACTORS:
How involved will you be?
Who else will be involved?
What can others help with?
Roles of extended family members?
Who will help to pay?
What Family Support Services?

6. Special Needs Financial Planning
EMOTIONAL FACTORS:
What is the vision you have for your child?
What is your child’s vision of his or her life?
Are you ready to let go? When will you be?
Is your child ready to leave home? When will he/she be?
How do the brothers and sisters feel?

7. Special Needs Financial Planning
GOVERNMENT BENEFITS FACTORS:
Identifying, Maximizing, Protecting Benefits
Social Security Income Benefits:
SSI vs. SSDI
MassHealth and Medicaid

8. Special Needs Financial Planning
LEGAL & ESTATE PLANNING FACTORS:
Special Needs Trusts:
Trustees, Beneficiaries, Trust Advisors
Ownership of Residence
Guardianship vs. Alternatives
Estate Equalization and Distribution
Longevity of the Plan
Estate Planning and Gifting

9. Special Needs Financial Planning
PUBLICLY FUNDED HOUSING OPTIONS:
Eligibility
Accessing Applications
Housing Search
Residential Options:
Section 8
No Interest Loan Programs
Rental Subsidies
Group Adult Foster Care
Shared Living
PCA’s

10. Special Needs Financial Planning PUBLIC RESOURCES AGENCIES:
What Government Agency(s) will provide services?
Intake and Eligibility
Individual Service Plan (ISP)
Getting Funded For Supports

11. Special Needs Financial Planning
FINANCIAL FACTORS:
Identifying & Prioritizing Costs
Parents Needs:
Retirement Security
Insurance Protection Needs:
Life, Disability, Long-Term Care, Medical, P&C
Balancing All Children’s Needs:
College Planning
Residential Needs:
Purchase and Ongoing Support Costs
Inflation
Increasing Needs & Decreasing Government Benefits

12. Special Needs Financial Planning PRIVATE PROVIDER AGENCY:
Understanding the Role
Assessment
The Educated Consumer
The Match
Developing a Plan

13. Overall Residential Planning Needs
Ongoing
Residential
Support Needs
Ongoing
Day
Services
Physical
Residence Options
Supplemental
Needs
Apartment
House
Condominium in
Large Home
Apartment in
Multi Family
Addition to Personal
Residence $$
One on One
Overnight Awake
Overnight Asleep
Staffing Ratio
Staffing Qualifications
$$$ to $$$$
Program Type
Transportation
Week Day
Schedule
Weekend
Independence
$$$ to $$$$
Care Assistance
Special Food
Personal Care
Recreation
Hobbies
Holidays
Vacations $

14. Overall Residential Funding Options
Purchase of Residence
Day
Services
Supplemental
Needs
Ongoing
Mortgage vs. Rent
Tax Planning
Rental Subsidy
Section 8
SSI/SSDI
Employment
Earnings
Public Agency
Family’s Resources
Public Agency
Medicaid/PCA’S
Group Adult Foster Care
Food Stamps
Family’s Resources
Public Agency
MBTA Pass
ADA
Family’s Resources
Family’s Resources
SNT
Gifting

15. Contact us for a complimentary consultation
Thank You!
Contact us for a complimentary consultation
Alexandria Nadworny, John W. Nadworny, CFP®
Securities and Financial Planning offered through LPL financial, member FINRA/SIPC