Special Needs Financial Advisor in Ohio

What is a Special Needs Financial Advisor?

A Special Needs Financial Advisor in Ohio can address the same financial planning considerations of all typical families. Your special needs advisor will discuss retirement planning, investment strategies, insurance options, estate planning, and tax reduction.

When you have a special needs child, there is another layer of planning that is added along with family financial planning, and it is critically important for you to integrate the needs of your special needs loved one into your plan.

When you’re planning for retirement, your primary concern is running out of money.  Your financial planner at TTG Financial, Inc. will look at assets, income, inflation, rates of return, and a number of other variables to determine if you have sufficient funds to achieve your plan.  When you have a special needs child, your financial advisor will take much the same approach but with the added variable of maintaining the security of your special needs loved one for the full length of their lifetime.

Your special needs financial advisor will make sure you’re aware of all the benefits and programs that are available for your special needs child, how to qualify for them and not lose them in the future. Mistakes are easy to make. An experienced special needs financial advisor will take you through the entire process and build a plan that maximizes benefits and ensures security for the long run.

Key Questions to Ask an Ohio Special Needs Financial Advisor

  • Does my financial plan allow my child to explore his or her talents, skills and interests?
  • Is my financial plan inclusive of the child’s special needs and desires?
  • Is my financial plan capable of giving a better tomorrow to my child long after I am gone?
  • Does my financial plan cover all types of risks and needs that your child might face in the future?

What is a Special Needs Financial Advisor in Ohio?

Special needs financial planning might not be something you have considered due to a lack of previous experience or simply unawareness that such an advisor exists. Whatever the reason may be, it is never too late to solicit the help of a special needs financial advisor.

At TTG Financial, Inc. the special needs financial planner or advisor is a specialist in his field and will know exactly how to help you. From determining what public and private resources may be available to dovetailing those resources with your own efforts and assets a special needs financial planner stands ready to be of service to families with special needs children. 

Is Your Special Needs Financial Advisor a Fiduciary?

At TTG Financial, Inc. All of our financial advisors are Fiduciaries. Fiduciary responsibility is important because it ensures that the person managing your money is making the best choices for you in terms of products and fees. As fiduciaries, Investment Advisors are legally obligated to put your interests above their own and to disclose any potential conflicts of interest.

Most advisors operate under a lesser standard known as the ‘suitability standard,’ The suitability standard only requires that an investment be ‘suitable’ for a client. These advisors are not required to disclose potential conflicts of interest or make a client aware of less expensive or more tax-efficient alternatives.

Developing a Plan with a Special Needs Financial Advisor

The Special Needs Financial Advisors at TTG Financial, Inc. will work with families who have children with special needs. The specialty was created out of the need for a comprehensive planning service which would assist families with financial planning in such a way so as to preserve government benefits such as Medicaid or Social Security.

Every family with a child with special needs faces challenges in caring for their loved ones. One of the toughest obstacles is developing a financial plan that covers current needs, as well as plans for needs far into the future. At TTG Financial, Inc. we work with families to understand their challenges and structure a plan specifically for their needs.

We give you an advanced view of financial management, consult with you about a care routine for your child and help you prepare to maximize the time and minimize the cost associated with trust lawyers and other attorneys. In the end, all our families care about is that their son or daughter will be able to live the most fulfilling life possible once their parents are no longer able to continue care.

What will a Special Needs Financial Advisor do for you?

If you reached this point, then you are probably considering taking action to establish or update your special needs financial plan. There will be a lot things to consider. Everyone’s situation is different and this requires a plan structured to solve their issues and meet their objectives.

When you’re responsible for a special needs person, it can be all consuming and often a lifetime commitment. It’s not easy, but taking the right steps and doing the proper planning are fundamental in providing the best life possible for your loved one and providing peace of mind for yourself.

In the months and years ahead, you would continue to have regular communication with your advisor at TTG Financial, Inc.   During these meetings, we would update you on the condition of your investments and also address any of your concerns or needs.

Get Started by Asking a Special Needs Financial Advisor these questions:

  • Are you a fiduciary?
  • What services do you provide?
  • What type of clients do you typically work with?
  • How will we communicate with each other?
  • How often will I hear from you?
  • How are you compensated? And how much will I be charged for your services?
Special Needs Financial Advisor in Ohio