Sharing Our Moment in the Spotlight

Posted by Haddad Nadworny on Sat, Oct 21, 2017 @ 07:07 AM

The Special Needs Financial Planning Team  Cynthia Haddad, CFP® | John  Nadworny, CFP® | Alexandria Nadworny, CFP®  We are committed to offering educational workshops to organizations and parent  groups.  Please call Alex or click here to attend a workshop or discuss a presentation  to your group.Our Next Workshop: Wednesday, October 25- Having the Talk- click here for the flyer.

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Investment News, a widely read and long-standing premiere publication of the financial advisory profession, devoted their September 18, 2017 issue to planning for people with disabilities.

While doing their research, the editors of Investment News found us, chose to feature us on the cover of their publication and made a video of our personal and professional stories for their website.

 We are proud to share the video with you today. The 6-minute video may show you a side of us you do not know!

Click here or on the photo above to view our video and please share it with others!

 

 

Tags: Special Needs Financial Planning

Speaker Series: Having the Talk, October 25

Posted by Haddad Nadworny on Sat, Oct 14, 2017 @ 07:03 AM

The Special Needs Financial Planning Team  Cynthia Haddad, CFP® | John  Nadworny, CFP® | Alexandria Nadworny, CFP®  We are committed to offering educational workshops to organizations and parent  groups.  Please call Alex or click here to attend a workshop or discuss a presentation  to your group.

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Tags: Special Needs Events in MA

Who Will Do All You Do? Join us - September 27

Posted by Haddad Nadworny on Tue, Sep 19, 2017 @ 05:42 PM

 

The Special Needs Financial Planning Team  Cynthia Haddad, CFP® | John  Nadworny, CFP® | Alexandria Nadworny, CFP®  We are committed to offering educational workshops to organizations and parent  groups.  Please call Alex or click here to attend a workshop or discuss a presentation  to your group.Screen Shot 2017-09-14 at 1.53.43 PM.png

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Tags: planning for a future after parents are gone

A Focus on the Future- Speaker Series begins September 27

Posted by Haddad Nadworny on Thu, Sep 14, 2017 @ 02:56 PM

 

The Special Needs Financial Planning Team  Cynthia Haddad, CFP® | John  Nadworny, CFP® | Alexandria Nadworny, CFP®  We are committed to offering educational workshops to organizations and parent  groups.  Please call Alex or click here to attend a workshop or discuss a presentation  to your group.Screen Shot 2017-09-14 at 1.53.43 PM.png

Click here to  RSVP

Tags: planning for a future after parents are gone

Back to School Tips for Parents of Kids with Disabilities

Posted by Haddad Nadworny on Sat, Aug 12, 2017 @ 08:00 AM

The Special Needs Financial Planning Team  Cynthia Haddad, CFP® | John  Nadworny, CFP® | Alexandria Nadworny, CFP®

pexels-photo-262103.jpegMid-August is upon us and the beginning of the school year is just around the corner.  We have curated a list of articles aimed at helping your child and your family make a smooth transition to school.  The advice varies from list to list so browse them all and take away the tips that work best for you! 

Back to School tips for Parents from Reading Rockets.com.  General tips and information.

The Special Needs Back to School Series from Friendship Circle.org. A collection of 15 articles. 

Back to School from Understood.org.  Information specific to Learning and Attention Issues.

It's Time to Head Back to School from Autism Speaks. 

Helping Your Child with Special Needs Get Ready For Back to School  from Macaroni Kid.

 

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Tags: back to school for chldren with disabilities

Tips on Using Second to Die Life Insurance and Special Needs Trusts

Posted by Haddad Nadworny on Sat, Aug 05, 2017 @ 08:22 AM

The Special Needs Financial Planning Team  Cynthia Haddad, CFP® | John  Nadworny, CFP® | Alexandria Nadworny, CFP®


nature-people-girl-forest-12165.jpgVery often, the use of estate planning tools (especially wills and special needs trusts) coordinated with some form of life insurance (second to die insurance or individual life insurance) provides a simple and easy to implement solution to filling the legal and financial gaps that will arise upon the death of one or both parents.   

An interview with our own Cynthia Haddad by Next Avenue, offers tips about special needs planning and specifically about second to die life insurance. 

Tips on Last-to-Die Policies from Next Avenue:

Haddad offers some pointers on what to look for when funding a second-to-die insurance policy:

  1. Parents should make sure their own policies and retirement planning are in good order. “Put on your own oxygen mask first,” she says. “You have to take care of Mom and Dad first.”
  2. Make sure ownership of the assets and beneficiary are properly allocated. She recommends naming a contingency beneficiary to the trust so that any leftover funds would go to that designee.
  3. If the adult child is living at home and paying a “fair share” rent to the parents (perhaps from SSI income), this money can potentially be used to pay for the last-to-die policy since the parents are acting as de facto landlords. “They have that money to use however they want,” says Haddad. “It could be used toward the premium for second-to-die life insurance.”
  4. Be sure to factor in the cost of the annual premium as part of your retirement planning. “You can handle it now,” she says, “but maybe not when you’re retired. Watch what you’re doing.”
  5. Buy what you can afford. If money is no object, Haddad advises looking at the child’s lifestyle — where he will live, what kind of caregiving needs he might have, where he will work — and running a financial accounting out for his potential lifetime. If the trust includes owning a house, account for potential upkeep. Remember: any leftover trust funds, assuming it’s a third party trust, could potentially go to the other siblings if they are named as contingency beneficiaries. “It can take out of the equation why are Mom and Dad leaving more money to Johnny,” she says. “Everybody else still gets their inheritance.”
  6. Build a team to carry on. “Mom and Dad do a lot,” Haddad says. “When they’re gone, it takes more than just one or two people to replace them. Who’s handling all that day-to-day stuff?” she says, noting that sometimes siblings don’t want to be trustees. “Make sure there is enough to pay for professional trustees, professional guardians.”
  7. Work with financial planning and insurance specialists. “You don’t go to your primary care physician for a cancer issue. You need to go to cancer specialist,” Haddad says. “You’re ratcheting up your need for special advisers. You want to know you’re working with people who understand your child’s unique needs more than you do. It’s a different world you’re entering in.”

 

Tags: Life Insurance

Tips to Protect Your Personal Information Online

Posted by Haddad Nadworny on Wed, Jul 26, 2017 @ 07:13 AM

The Special Needs Financial Planning Team  Cynthia Haddad, CFP® | John  Nadworny, CFP® | Alexandria Nadworny, CFP®  We are committed to offering educational workshops to organizations and parent  groups.  Please call Alex or click here to attend a workshop or discuss a presentation  to your group.

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Cybersecurity Tips

Security awareness is the first line of defense against cybercriminals. Follow best practices while browsing the internet, using email, and computing to keep your information safe and secure.

Why should I care?

Cybercriminals and scammers are looking to steal valuable information, money, or damage your computer.

  • 600,000 Facebook accounts are hacked every day worldwide

  • 80% of data thefts occur while the victim is in the workplace

  • 64% of individuals leave their passwords written on their desk
  • 64% of individuals leave their passwords written on their desk

 

Be on the lookout for phishing.

Phishing is attempt to obtain sensitive information, often for malicious reasons, via electronic communication by an individual disguised as a trustworthy entity.  Don’t get hooked!

  • Spammers will try to trick you via email or phone

  • Never click a suspicious link, or give out information

  • Don’t open emails or attachments from strangers

How to spot a phish.

  • Generic greetings such as ‘Hello Bank Customer’

  • Requesting private information such as ‘Please send SSN’

  • Urgent requests such as ‘Your account will be closed’

 

Create a strong password

Your password is easier to hack than you think. Password complexity means an exponential increase in safety.

  1. Begin with a name or phrase you will remember, but not your own, your spouse, or children. Let’s use TV star Hannah Montana.
    • hannah

  2. Add uppercase letters, numbers, and special characters.

    • haNNah0713:)

  3. Consider a passphrase, combining several words.

haNNah0713:) MONtana !$ aw$0M3

For more information, check our Facebook Page for Protecting your Digital Life in 9 Easy Steps. 

 

Tags: cybersecurity

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