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
Reegan Financial Launches RDSP Calculator
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.
How Much is the RDSP Grant
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...
RDSP Calculator coming soon
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.
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