ABLE & 529’s

So instead of blogging an article tonight, I’m just posting an update on ABLE account’s here in the state of Missouri. It seems that after much waiting around for our legislature to act, it’s now possible to take my mom’s 529  that she set up for my son back when he was born and transfer those funds into his newly established ABLE account. To say I’m happy would be an understatement.

Sincerely-

   

Autism Librarian

 

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Financial literacy

So tonight is one of those nights where I don’t have an article to post, simple a thought to blog about. Tonight, a local group called St. Louis Arc hosted a workshop entitled Financial Literacy and while it was designed for both parents and their kids about finances, it was also very much a work in progress.

They talked a little about how this was a new workshop and so we were the guinea pigs as it were. Afterwards we were to give them input as to how it worked. To be honest with you, it wasn’t quite what I expected, of course my son wasn’t there either, so in that sense it was fine.

Afterwards I filled out my questionnaire as to how it went, both good and bad. In addition, I also got a chance to give my input to the person who runs St. Louis Arc and so that was good. I see her once a month at a meet-up my son and I go to where he gets the chance to hang out with others.

So even though it may not have been all that I expected, it was still very helpful. In fact, as I’ve recently begun to re-focus on my own financial stuff, it’s helped motivate me to work on my son’s stuff as well. Sometimes we all just need a gentle nudge to keep going. Tonight was mine.

Sincerely-

 

Autism Librarian

 

 

ABLE accounts

Okay, I don’t have an article to post tonight but I do have an update about the ABLE account for my son. I just opened it up the other day and I’m so excited. Besides having another step taken for my son, I also feel good because my mom has a 529 account for  him but since I don’t know if he’ll ever want to go to college, I can take that money and put it in his ABLE account. If you live in Missouri or one of the other nine states which can’t remember, you can get more information over at the stable account website.

Sincerely-

   

Autism Librarian

Just one of those days

Today I don’t have a particular article to post just my thoughts. So my son graduated from high school this year and while he has a work/study program lined up for the next three years if necessary with the St. Louis Special School District, I have a lot to do.

I need to deposit some money into his new ABLE account, I need to get him over to a friend’s automobile shop to work on seeing if he’s interested in becoming a mechanic and at the same time, check out the local community colleges technician’s program. Then there’s the whole Supported Decision Making thing to look at and the list goes on….

With out vacation coming up, I need to try and get some of this done before we leave because once we get back, school for his siblings as well as his work/study program will be close to beginning. So much to do and so little time.

Sincerely-

   

Autism Librarian

ABLE in Missouri

So according to Missouri Treasurer Eric Schmitt earlier this month, Missouri has entered into an agreement with four other states (Ohio, Vermont, Georgia, and Kentucky) to implement MO ABLE. To find out more, check out this link to the Missouri Treasurer’s website. Yea!

Sincerely-

   

Autism Librarian

Today was the day

It didn’t start out to be this kind of day but it ended up that way. I intended to start cleaning my room but the first pile of papers I had in my room to go through turned out to be mostly about my oldest son and his future.

So today was the day I started really planning out his future. I created a sort of time line of what resources I need to get in touch with. I also created a to do list for myself of what I need to do to help create his future. Finally I started making a list of questions to ask a lawyer regarding his future finances.

Right now I’m taking a break to blog a little and then call my kids to wish them good night. Then, it’s back to more research on the next step to take. Wouldn’t have it any other way.

Sincerely-

       

Autism Librarian

 

ABLE update for Missouri

A while back, just before we went on vacation, I e-mailed my state Senator to find out the latest on ABLE accounts in Missouri. According to his aid, it looks like they’ll be up and running in a nine-state consortium starting this fall. They also sent me a link to the Missouri Treasurers page with more information.

I guess my next step is to come up with a list of questions on my options and then talk to a financial advisor regarding what to do for my son. Among those questions will also be one about life insurance as my place of employment is allowing me to update and/or increase my current plan for now and even after retirement. So much to do.

Sincerely-

  

Autism Librarian

Special Needs Trust

So when I went to this workshop on special needs trusts tonight, put on by St. Louis Arc , I was expecting to learn about trusts. I truly say however, that I definitely got more than I bargained for.

I walked out feeling like I’m starting to make sense of it all, special needs trusts, guardianship and more. As one of the presenters later said, getting to where you want to get to is sort of a cylinder process. It’s like your on the outside looking in but as you go round and round, continuing to learn more, you start to get closer and closer to the center of what you need to know.

I’m definitely getting closer to the center. In fact, I think the financial advisor who spoke tonight is someone I want to talk to some more. He not only has a son with special abilities, he has a brother with special abilities. Seems to me like someone who gets it. All I can say is thank you!

Sincerely-

  

Autism Librarian