Tax Considerations, Financial Planning for Children with Special Needs, and Retirement Account Strategies

This chapter delves into the importance of considering tax rates when choosing between pre-tax and Roth accounts, offering guidance on maximizing growth and tax benefits. The discussion also covers financial planning for a child with autism, stressing the need for saving for retirement and researching options like ABLE accounts for future stability. Additionally, the chapter highlights the significance of retirement planning for both spouses, especially those with children requiring special care, and suggests strategies like stretch IRAs and specialized trusts.