The rule for an able accounts is rule five 29 a, which means it's just a different type of five 29 account. Eligible expenses are or things that help with health care, with food, with housing. There aren't as many able accounts out there as there are five 29 plans, but there are still a lot. Most states have one.
#376: Meghan’s mom is 64 years old and suffering under a toxic boss. It’s tough to switch jobs at her age. How should she think through the next steps?
Ellen has a 20-year-old son with physical and developmental disabilities. Her other child, age 21, will need to look after him for the rest of their lives. How should she handle their inheritance?
Joe wants to start working part-time in four years, and fully retire four years after that. He worries he’s investing too aggressively for his retirement date.
In today's episode, former financial planner Joe Saul-Sehy and I tackle these tough situations.
Enjoy!
Do you have a question on business, money, trade-offs, financial independence strategies, travel, or investing? Leave it at https://affordanything.com/voicemail and we’ll answer them in a future episode.
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For more information, visit the show notes at https://affordanything.com/episode376
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