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It is well-established that the financial impact of disability on the U.S. population continues to grow, along with the increasing prevalence of disability in the population, particularly since those with disabilities are living longer. 9 million families in America are caring for a child with disability, and in 2030 there will be 1.2 million adults aged 60 and older in the U.S. with developmental disabilities. In 2020, the estimated U.S. spending for long-term care totaled $361.6 billion, and 40% of adults face disability for some period of time during their lives. These demographic and public health trends overwhelmingly show that financial professionals will require greater knowledge about the unique challenges faced by their clients dealing with disability or chronic medical conditions and should be conversant on the pre-planning opportunities that exist. This program will provide an overview of the various ways financial wellness can be impacted by disability and potential planning strategies for clients.
Learning Objectives
Upon successful completion of this learning activity, you will confidently be able to:
- Understand how financial wellness can be drastically impacted by disability.
- Identify key issues when serving an individual client or family member affected by disability.
- Understand the importance of maintaining public benefits eligibility for disabled clients.
- Review key planning strategies, techniques, and resources for disabled clients and caregivers.
- Illustrate issues and planning strategies using real world case studies.
Presenter
Joellen Meckley, JD, MHS, ChSNC®
CFP® CE Credit
This content is eligible for one hour of CFP® continuing education (CE) credit.
If you hold the CFP® mark and would like to receive CFP Board CE credit for this content, please ensure your CFP® ID number is entered here.
The College’s Professional Recertification Program (PRP)
This content is eligible for one hour of PRP continuing education credit.
To begin, click on the button below. As you move through the content, make sure to mark each page complete by clicking on the appropriate button, and then click Next Lesson at the bottom of each page. Once you complete the entire activity, the progress bar will show 100%.
When Life Throws a Curveball: Planning Essentials for Clients Impacted by Disability
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