Financial Solutions for People with Disabilities and their Families
Reading about the Registered Disability Savings Plan on the web can give you a basic understanding of the RDSP, but that is about it.
Our calculator takes you through a few easy-to-follow steps and shows you the maximum amount you can expect from the government each calendar year, and the amounts you need to contribute.
Financial Advice for People with Disabilities & Their Families
- The specialized financial advice clients with disabilities and their families require, is largely absent from the marketplace.
- Most financial institutions and professionals are unaware of or do not understand important complex government income support programs and benefits our clients must navigate.
- Traditional advice not only fails to capitalize on the financial benefits government provides, but often runs the risk of unwittingly jeopardizing a client’s eligibility for these programs as well.
- Clients, other professionals and agencies have turned to us for more than a decade to help them navigate the complex terrain they face.
Financial Solutions for Parents of Children with Disabilities
- 70% of our clients are parents of children with disabilities.
- Supporting a child with a disability through adulthood is financially daunting for most parents.
- Comprehensive focus on the whole family’s financial needs, not just the child with the disability.
- Incorporating complex government programs and benefits is a core pillar of our expertise.
- Specialized estate planning when your child relies on government income supports, such as ODSP.
- More than a decade of experience opening and managing RDSP accounts for clients.
- Effective solutions and strategies can mean the difference between security and financial vulnerability for everyone in the family.
Financial Services for Trustees of Henson Trusts, Attorneys for Property & Legal Guardians
- Reegan Financial clients include trustees of Henson Trusts, attorneys for property (Power of Attorney), and legal guardians…all responsible for managing financial assets for a person with a disability.
- Each has a legal obligation to act in the best interests of the individual they are acting for and can be held legally liable if they fail to do so.
- They are well intentioned people who understand intentions are not enough on their own, that they must also understand their obligations and how to execute them.
- In addition to the investment services we provide, these clients rely on the advice we provide so they can carry out their responsibilities successfully.
Personal Injury Settlements and Maintaining ODSP
- A personal injury settlement can jeopardize your eligibility for ODSP, but it doesn’t have to.
- Settlements, even large ones, do not eliminate the need for government supports such as ODSP.
- ODSP eligibility can be maintained depending on the details of the settlement, how it is deployed and managed.
- Reegan Financial has helped clients structure the proceeds of a settlement so they could maintain their ODSP benefits and a more stable standard of living.
Advice From Reegan Financial
Reading about the Registered Disability Savings Plan on the web can give you a basic understanding of the RDSP, but that is about it. A little googling and you learn the government will contribute up to $90,000. But, figuring out how much can you expect from the government? Well, that is a much harder question to answer.
Thinking of opening a Registered Disability Savings Plan? If you are, you might be asking how much the government would contribute to it. A fair question without a straightforward answer. There are two types of RDSP contributions the government provides: The RDSP...
Is the Registered Disability Savings Plan worth it? In theory, the RDSP makes a whole lot of sense. Over a lifetime, the federal government can contribute up to $90,000.
Let Us Help
Life is more complicated when you have a child with a disability.
Not simply because of the disability, but because our society is not built for people with disabilities. If it were, then half of all people with disabilities would not be unemployed, special education wouldn’t be so “special” and government programs and supports wouldn’t be so difficult to understand, navigate and secure.