Show Notes:

Episode Summary:

In this episode of The Inclusive Dad podcast, host AAron welcomes financial expert Michael Ringel to discuss essential financial planning for families of children with disabilities. They explore the importance of planning for two lifetimes, strategies to protect government benefits, and the role of special needs trusts and ABLE accounts. Michael emphasizes the need for proactive estate planning to secure a stable future for children with disabilities. He shares practical steps to ensure financial security, offers insights on trust structures, and highlights the importance of taking immediate action. The conversation underscores the power of financial literacy in disability inclusion.

Key Takeaways:

Plan for Two Lifetimes – Parents must prepare not only for their own financial future but also for their child’s lifelong care.

Special Needs Trusts Matter – These trusts protect assets while ensuring eligibility for government benefits.

ABLE Accounts Have Limits – They offer tax-free growth but have contribution caps and potential Medicaid paybacks.

Life Insurance as a Funding Tool – Policies can secure a financial future by directing funds into a special needs trust.

Take Action Now – Delaying financial planning can create challenges; the best time to start is today.

About the Guest(s):

Michael Ringel:

Who am I? - As the father of two intelligent young women and six rescue dogs, I am driven by the conviction that my life's purpose is to empower my daughters to embrace purpose, freedom and abundance. Everyday, my wife and I actively cultivate an environment that allows them to navigate success and failures, learning self-reliance and self-confidence. My aspiration is to witness their evolution into accomplished and resilient women, grounded in values such as love, family, integrity, excellence and enthusiasm.

Michael's definition of inclusion:

Inclusion is treating people like you would treat anybody.

Connect with Michael:

Website: https://www.mikeringel.com/

LinkedIn: https://www.linkedin.com/in/mikeringel/

SPAM© Count:

Host:

Yes

Current Guest: 

No

Cumulative Guest Stats:

Yes - 33

No - 42

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