Ask Terry Questions Where to put retirement money for disabled child

Where to put retirement money for disabled child

By Terry Savage on June 03, 2023 | Wild Card

Will retire in about a year at 70 have a handicapped child that lives with us have 1 million in retirement money don’t want to lose any of it. Where should I put it? Thanks for your help.

Terry Says

This money belongs safely in U.S. Treasury bills. Read this article.

But there’s a much bigger issue here. Have you created a new will or better yet, a revocable living trust, to give directions on how this money will be distributed in such a way that does not destroy your handicapped child’s access to government benefits?
You need to go to https://protectedtomorrows.com/ where you can find planning help and attorney services to guide you through this process. It’s essential that you do this immediately.

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