Preview: Planning Strategies for Grandparents Webinar 🎧

Posted by Haddad Nadworny on Fri, Sep 18, 2020 @ 07:00 AM

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

Fall is here 🍁and families and communities are beginning the school year.  Whether the option is a phased return to the classroom, fully remote learning or a combination, there is little doubt that life this fall will require significant adjustments for both parents and students. Many families may require a tutor or aide to meet their child’s learning needs and the family’s childcare requirements.

 SNFP - Flyer - Webinar for Grandparents DigitalAs markets hover near all-time highs, and for many, family support needs have risen, it may make sense for grandparents to consider using a portion of their retirement funds to gift or plan to gift to family members. In our upcoming September 23 webinar, 2020 Year-end Strategies for Grandparents of People with Disabilities, we will discuss several options for grandparents and parents to think about and consider.

 Here’s a preview:

A relatively straight-forward strategy: The CARES Act eliminated the Required Minimum Distribution (RMD) from retirement accounts for 2020. Retirement account holders may elect to take their 2020 distribution and use it to gift or to pay for educational or therapeutic expenses for their grandchildren. While there will be taxes due on the distribution, the gifts, if under the $15,000, are tax exempt and there may be an additional exemption for direct payment for approved expenses.  Alternatively, it may be wise to remove these funds from the retirement account(s) this year and, as part of your estate plan, gift directly to an established pass-through Special Needs Trust (SNT).

A more complex strategy we will outline and discuss: The SECURE Act eliminated the “stretch” IRA distribution option for non-exception beneficiaries. Now all assets are required be distributed to beneficiaries by the end of 10 years, however annual RMD withdrawals are no longer required. 

The financial impact of deferring distributions is more substantial than one might think.  

Individuals with disabilities may qualify as an exception beneficiaries; we will discuss this option and you can read more about it in our blog, When a Special Needs Trust is the Beneficiary of A Retirement Account.

In addition we will also discuss a Roth IRA conversion as a strategy to consider; you can read more about it here.

Please join us Wednesday, September 23 @4PM to learn more about the strategies mentioned here and other timely planning tips and strategies.


The information provided here is for general information only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her own particular situation before making any investment decision.

 All investing involves risk including loss of principal. No strategy assures success or protects against loss.

Past performance is no guarantee of future results.


Tags: Grandparents

2020 Year-end Planning Tips for Grandparents to Help - Webinar 🎧

Posted by Haddad Nadworny on Tue, Sep 15, 2020 @ 07:00 AM


 Webinar for Grandparents _September 23, 2020


If you are unable to see the flyer above: 

Parents and Grandparents, please join us for our webinar 🎧:

2020 Year-End Planning Strategies for Grandparents of People with Disabilities 

September 23, 2020 @ 4 PM

We will present guidance in aligning good intentions with the right plan. 

  • Prioritizing financial security and avoiding common planning mistakes.
  • Financial strategies especially appropriate in 2020
  • Tips to talk with family about multigenerational financial planning.





Tags: Grandparents

Expert Tips to Prevent Identity Theft and Cybercrime

Posted by Haddad Nadworny on Sat, Aug 22, 2020 @ 07:01 AM

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



The Coronavirus pandemic has upended our lives on many levels. We do the best we can to stay on top of our finances, but stimulus checks, changes in tax filing dates, filing for unemployment benefits and other fallout of the pandemic have thrown us all a little off-balance and created a perfect breeding ground for scams and fraud.

We were recently invited to a virtual presentation given by Jeff Lanza, a retired FBI agent, who offered specific practices to help prevent fraud and keep our personal information from being compromised. He has 2 handouts for the public containing very useful information and easy to follow tips that we are sharing with you today. 

Identity theft & Cybercrime

For example, to protect your identity online, he suggests you think in terms of passphrases with 12 or more characters and presents solutions for passwords and password storage and protection. In many cases, it is just as valuable to know what not to do as knowing the right steps to take.  In the handout,  Jeff shares his view of what protective steps are effective and worth doing and those suggestions to be wary of. 

In terms of cybercrime, he discusses how to monitor your personal credit file and credit freezes, and how to stay safe from cyber fraud, email hijacking and account takeovers.

Please give the attached documents a read and we hope you find them helpful.

Preventing Identity Theft 

Preventing Cybercrime 

Please reach out to us with any changes or concerns that might effect  your financial planning. Let's try to stay safe out there on every level!

COVID concerns effecting your planning for the future?  Let's talk.



The ABLE Account: In US NEWS & Webinar TODAY!

Posted by Haddad Nadworny on Wed, Aug 05, 2020 @ 06:00 AM

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

Featured in US News and World Report

US news and World ReportWe are proud to have Alex, John and Cindy featured in Friday’s US News and World Report article, What is an ABLE Account?”. The ABLE account, also known as a 529A account, is a tax-advantaged way for people with disabilities to build their own savings without impacting their eligibility for government benefits.  Please take a look at this helpful article that summarizes how the account works, who is eligible, contribution limits and approved uses for the funds.   Click here to take a look! 

ABLE Webinar Today!

ABLE-1Alex is the guest presenter for the Massachusetts Educational Finance Authority’s webinar, A Sibling’s Perspective: Special Needs Planning with the ABLE Account webinar this Wednesday at 6 PM. Alex will share her insight as a sibling of a brother with Down Syndrome and the financial planning needed to plan for his future. In addition, she will share her story and how she utilizes various tools, including ABLE, the tax-advantaged savings plan for individuals with disabilities, in her practice. RSVP here.

To read about additional planning strategies utilizing the ABLE account, visit our ABLE account page, the ABLE Account and Special Needs Planning, here

This is for general information only and is not intended to provide specific advice or recommendations for any individual, nor intended to be a substitute for specific individualized tax or legal advice. The investment strategies mentioned may not be suitable for everyone. Prior to investing in an ABLE account investors should consider whether the investor's or designated beneficiary's home state offers any state tax or other benefits that are only available for investments in such state's ABLE program. Withdrawals used for qualified disability expenses are federally tax free. Tax treatment at the state level may vary. Please consult with your tax advisor before investing.


Tags: ABLE Accoount

Affinia On the Cover of Advisors Magazine

Posted by Haddad Nadworny on Fri, Jul 24, 2020 @ 08:00 AM

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

Featured in Advisors Magazine 

Advisors Magazine Cover_July 2020

Let's catch up- we've had a lot going on this summer!

We are honored to announce that we are on the cover and are the feature article in the July 2020 edition of Advisors Magazine!  We feel the author did a great job capturing what our work with families of people with special needs is all about.  He explained our personal motivation in pioneering the field of special needs financial planning and how that has led to the founding of Affinia to carry forward our practice.  Please take a peek- click here!


Affinia by the garden


We are also excited to announce the launch of our new Affinia Financial Group website! Please click here to check it out- we’d love your feedback!




We are planning our Fall informational webinars - stay tuned for more information and in the meanwhile, please be safe and well and let us know if you are ready to begin your planning process. 

Let's start planning.


Tags: news and events

Retirees! RMD Waiver deadline extended

Posted by Haddad Nadworny on Wed, Jul 15, 2020 @ 06:30 AM

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

RMD Rollback extended to August 31, 2020

Pexels_roll-of-american-dollar-banknotes-tightened-with-band-4386476The CARES Act (Coronavirus Aid, Relief, & Economic Security Act) enabled any taxpayer with an RMD due in 2020 from a defined-contribution retirement plan, including a 401(k) or 403(b) plan, or an IRA, to skip those RMDs this year. This includes anyone who turned age 70 1/2 in 2019 and would have had to take the first RMD by April 1, 2020. This waiver does not apply to defined-benefit plans.

The Internal Revenue Service has announced that anyone who already took a required minimum distribution (RMD) in 2020 from certain retirement accounts now has the opportunity to roll those funds back into a retirement account.  The 60-day rollover period for any RMDs already taken this year has been extended to August 31, 2020, to give taxpayers time to take advantage of this opportunity.  This repayment is not subject to the one rollover per 12-month period limitation and the restriction on rollovers for inherited IRAs.

If you have taken an RMD in 2020 and wish to roll those funds back into your retirement account, or have additional questions about your existing retirement account, please contact us. For savers/investors  considering rolling over an existing retirement account, we offer a complementary telephone consultation to discuss your individual situation.

Let's talk!

Tags: Retirement Planning

Topics for Your Financial Independence Day

Posted by Haddad Nadworny on Thu, Jul 02, 2020 @ 07:00 AM

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


Your Input Needed: Webinars for Fall

american-flag-flower-july-4th-1093645We wish all our readers a safe and happy Independence Day! 

We would like to ask for your help in outlining our Fall 2020 Webinar series. We have put together a list of topics in a survey that will take 1 minute to complete and is anonymous.  

Please let us know how we can help you plan your financial independence by clicking here to complete the survey.  Thank you!

CLICK to begin our 1 minute topic survey.





Tags: webinars