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Planning for Retirement When You’ll Never Have an Empty Nest

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Manage episode 489645848 series 2510975
Content provided by Phil Putney. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Phil Putney or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

For many parents, retirement planning includes the idea of an empty nest. But what if that’s never going to be your reality? Today, Phil answers a viewer question about how to plan for retirement while continuing to care for an adult child on the autism spectrum. It’s a question more families are facing, and in this episode, we’re walking through the financial and emotional factors that come with a “forever caregiving” retirement. From budgets to housing needs, your retirement roadmap may look entirely different, but it can still be achievable with the right strategies.

Here’s some of what we discuss in this episode:

🏡 Why downsizing may not be an option in this kind of retirement

📋 What to consider when building a caregiving budget

⚖️ The role of government benefits like SSDI, SSI, and DAC

📜 Special needs trusts: when and how they fit in

💡 Creative strategies to protect care, assets, and dignity

For more, visit us online: http://philstaxhacks.com

Watch the video podcast on YouTube: https://bit.ly/3WdDG96

  continue reading

284 episodes

Artwork
iconShare
 
Manage episode 489645848 series 2510975
Content provided by Phil Putney. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Phil Putney or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://staging.podcastplayer.com/legal.

For many parents, retirement planning includes the idea of an empty nest. But what if that’s never going to be your reality? Today, Phil answers a viewer question about how to plan for retirement while continuing to care for an adult child on the autism spectrum. It’s a question more families are facing, and in this episode, we’re walking through the financial and emotional factors that come with a “forever caregiving” retirement. From budgets to housing needs, your retirement roadmap may look entirely different, but it can still be achievable with the right strategies.

Here’s some of what we discuss in this episode:

🏡 Why downsizing may not be an option in this kind of retirement

📋 What to consider when building a caregiving budget

⚖️ The role of government benefits like SSDI, SSI, and DAC

📜 Special needs trusts: when and how they fit in

💡 Creative strategies to protect care, assets, and dignity

For more, visit us online: http://philstaxhacks.com

Watch the video podcast on YouTube: https://bit.ly/3WdDG96

  continue reading

284 episodes

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