Bimmerbill
Thinks s/he gets paid by the post
- Joined
- Jan 26, 2006
- Messages
- 1,645
OK, its been about 8 months since my DD was diagnosed with autism. SHe is making remarkable progress in many different areas and I am feeling a bit more optimistic about the whole situation.
But, I'm a long range thinker/planner (trying to learn how to live day by day) and I wonder what my best strategy is to insure DDs future.
It is a possibility she will never live on her own, have a relationship, family, (meaningful) job, etc.
How do I position myself to best support that? Right now I'm paying off all debt and making good progress. Only have the house ($160K) and a $5K car loan and a $4K student loan. Debt = to about 2 years of gross salary.
Do I just invest and try to sock away as much money as possible in case she doesn't become fully independent? I got the life insurance end tied up, thinking of a special needs trust next.
I still consider myself young, but I'll be 43 in a few months. So, I guess I'm feeling that I won't be around to support her as she gets older.
Who knows what sort of social programs they may have by then but I don't want to rely on the state/feds.
Anyone deal with similar issues? Heck, I feel guilty spending any $ sometimes because it feels like I should save every cent for her.
But, I'm a long range thinker/planner (trying to learn how to live day by day) and I wonder what my best strategy is to insure DDs future.
It is a possibility she will never live on her own, have a relationship, family, (meaningful) job, etc.
How do I position myself to best support that? Right now I'm paying off all debt and making good progress. Only have the house ($160K) and a $5K car loan and a $4K student loan. Debt = to about 2 years of gross salary.
Do I just invest and try to sock away as much money as possible in case she doesn't become fully independent? I got the life insurance end tied up, thinking of a special needs trust next.
I still consider myself young, but I'll be 43 in a few months. So, I guess I'm feeling that I won't be around to support her as she gets older.
Who knows what sort of social programs they may have by then but I don't want to rely on the state/feds.
Anyone deal with similar issues? Heck, I feel guilty spending any $ sometimes because it feels like I should save every cent for her.