The Four Key Components of Your Special Needs Financial Plan
At Tide Point Financial, we understand the unique challenges families with special needs face. Our comprehensive approach to financial planning covers all aspects of your family’s future—helping to ensure both financial security and peace of mind.
1. Retirement Readiness Evaluation
We help you assess your preparedness for retirement with a detailed analysis that answers critical questions such as:
- “How much do I need in my retirement accounts to retire at my desired age?”
- “How will being a caregiver impact my retirement goals?”
- “How much should I be saving now to meet my retirement targets?”
- “What impact will factors like Social Security, inflation, and taxes have on my retirement?”
Using industry-leading tools like MoneyGuidePro and eMoney, we calculate your Retirement Readiness Score. This key metric provides clarity on your retirement path.
2. Special Needs Trust Funding Analysis
Our funding strategies give you clarity and peace of mind about how to properly fund your loved one’s Special Needs Trust. We create a customized funding report that takes into account:
- SSI/SSDI benefits
- The impact of inflation
- ABLE account strategies
- Planned and unexpected expenses
- Housing needs
Our recommendations focus on efficient funding strategies that align with your family’s unique needs, ensuring long-term stability for your loved one.
3. Investment Portfolio Review
Our team offers a comprehensive review of your investment and savings accounts, including:
- 401(k)s, IRAs, Roth IRAs
- Mutual funds, ETFs, stock options, bond portfolios, pension funds, mutual funds, stock options
- Savings accounts, CDs, annuities, 529 plans, ABLE accounts
We provide personalized recommendations aimed at minimizing taxes, optimizing returns, reducing expenses, and ensuring your investments align with your family’s long-term goals.
Tide Point Financial is associated with the broker-dealer MML Investor Services, LLC, which gives us access to a variety of leading investment firms which can provide you with cutting-edge investment solutions.
4. Protection Plan Assessment
Your family’s protection is a top priority. We conduct a comprehensive assessment of your current insurance and protection plans to ensure they are both adequate and cost-efficient. Our assessment includes:
- Life insurance
- Disability income insurance
- Long-term care solutions
- Liability insurance
- Property and casualty insurance**
Licensed in all 50 states, we have access to over 30 highly-rated insurance carriers, giving you the opportunity to find quality solutions for your family’s needs.
Additional Services Available
In addition to your customized financial plan, we offer a range of specialized services designed to further support your family:
- Personalized Trustee Services: MassMutual Private Wealth and Trust*** can manage and administer your Special Needs Trust, ensuring it’s executed properly and in line with your family’s goals.
***MassMutual Private Wealth & Trust, FSB is a federal savings bank and is a wholly owned subsidiary of Massachusetts Mutual Life Insurance Company (MassMutual).
**Property & Casualty insurance is offered through a variety of quality insurance companies that are not affiliated with MassMutual or MML Investors Services, LLC.