My partner and I have one child who has chronic health issues. The level of financial help we aspire to provide for our child is lifetime financial security. Saving for our retirements has been our first priority for many years, with the hope that we can leave enough after we're gone. We are now looking into an ABLE account and trusts. I like your description of how you are supporting your two children in different ways, each according to their needs, R.A.! It is a different experience to provide financial help to a child with special needs, one that I have found to be a great source of anxiety. I'm glad you wrote about it here.
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My partner and I have one child who has chronic health issues. The level of financial help we aspire to provide for our child is lifetime financial security. Saving for our retirements has been our first priority for many years, with the hope that we can leave enough after we're gone. We are now looking into an ABLE account and trusts. I like your description of how you are supporting your two children in different ways, each according to their needs, R.A.! It is a different experience to provide financial help to a child with special needs, one that I have found to be a great source of anxiety. I'm glad you wrote about it here.
Post: How much financial help should parents give their children?
Link to comment from March 24, 2021