Special Needs Trusts with Brynne Conroy - PLUS Asset Protection and we try to make insurance sexy

Money Tree Investing

Money Tree Investing Podcast

Stockmarket, Valuestocks, Investing, Finance, Passiveincome, Wealth, Business, Personalfinance

4.6 • 658 Ratings

🗓️ 19 April 2019

⏱️ 43 minutes

🔗️ Recording | iTunes | RSS

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Summary

Brynne has one child with special needs. How does this change the way she does her financial planning and investing?

In general, her plan is to “save everything”. But even doing that, Brynne says she does not “max out my retirement accounts to a point where I feel that an ABLE account or a Special Needs Trust is necessary or necessarily financially viable.”

ABLE stands for “Achieving a Better Life Experience Act”, which are tax-advantaged savings accounts for individuals with disabilities and their families

Listen in as Brynne explains how ABLE accounts work, how someone would benefit from having an ABLE account, and how she’s working to live a beautiful life within the choices and parameters available to her.

For more information, visit the show notes at http://moneytreepodcast.com/239

Transcript

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0:00.0	Welcome to the Money Tree Investing Podcast.
0:04.0	Stock market, wealth, personal finance, value stocks, invest in your life.
0:10.3	Welcome to the sweet episode of the Money Tree Investing Podcast.
0:14.3	Today we have Bryn Conroy.
0:16.6	She is the founder of Femfugality.com and also the author of the book, The Feminist Financial Handbook.
0:25.3	So go ahead and check that out.
0:27.2	But before we get to our interview, we do need to do a quick message from our sponsor.
0:32.8	Are you looking for a better way to invest through market turmoil?
0:36.0	Consider betterment.
0:38.5	Betterment is a robo-advisor that uses modern portfolio theory to help you manage your portfolio and reach your financial
0:43.2	goals. With betterment, you don't have to worry about what the market is doing day to day. Instead,
0:48.8	use the stock market to help consistently build wealth. For more information, visit moneytree
0:53.4	podcast.com slash betterment.
0:55.7	I use betterment to manage my own retirement fund and my travel fund, but that doesn't mean it's
1:00.3	right for you. Do your due diligence. Look it up for yourself, moneytreepodcast.com slash
1:05.9	betterment. All right. So let's get to our guest. Welcome to the show, Bryn. Thank you so much for having me.
1:12.1	You have children with special needs. That's correct? Yeah, yeah, one. So you have a child with special
1:16.5	needs. And how does that kind of change the way you do your financial planning, the change the way
1:23.8	you plan for future investments? It changes a lot. And I want to be completely honest and
1:29.7	upfront with everybody listening. I'm not 100% sure I have everything figured out yet.
1:34.6	None of us do, honey. None of us do in this life. But one of the things that really keeps me
1:41.6	up at night is knowing that if anything ever happened to me, or I mean, hopefully someday my child will live on after I'm gone, knowing that perhaps with my child, we don't specifically know, but there perhaps may be a need to have a constant custodian, both over physical and medical needs and over financial
	...

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