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Financial Tips and Resources for Disabled Entrepreneurs
In the working world, disabled job seekers come up against many systemic barriers. It's not a surprise, then, that many disabled people see entrepreneurship as a solution. Almost 17% of disabled people who participate in the labor market are self-employed, compared to only 11% of the non-disabled workforce.1 In the Deaf community in particular, 11.6% of people own their own business. In the hearing population, business ownership is lower, at 9.8%.2
Rosa Lee Timm, president of Communication Se...
Elder Financial Abuse: How to Identify It, Prevent It and Fight It
Elder financial abuse happens when someone takes advantage of a senior for their money.
It can happen if you’re planning to pass down an estate of millions, or if the only money you have is your monthly Social Security check.
While financial abuse can look like a scam or someone attempting to alter your will, it can also be a nursing home or other medical institution inappropriately increasing your payments. It can be your caretaker doling you an “allowance” from your own bank account, refusi...
How to start a business in North Carolina
Starting a business in North Carolina is a relatively intuitive process. While there are nuances depending on your business entity type, you can expect the steps to look something like this:
If you have Medicaid and live in California, your ability to keep your insurance and build wealth may get a lot easier this summer
2.1 million elderly and disabled Californians with Medicaid will be able to keep more than $2,000 to their name soon. Jose Luis Pelaez Inc/Getty Images
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Medicaid can be hard to qualify for, but for some Californians, it's about to get much easier.
The asset limit for some Medi-Cal programs will be raised from $2,000 to $130,000 per household this summer.
Affected Californians will no longer have to choose between financial stability and their healthcare.
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In a Crisis, is it Better to Reduce Debt or Increase Savings?
Americans have done their best to stay optimistic through the corona crisis.
We initially thought the lockdown might last a couple of weeks. But here we sit, months later. The states with the tightest restrictions are just beginning to somewhat ease their social distancing guidelines.
But the root problem – the virus – hasn’t actually been “solved.”
Despite that fact, a recent government survey reflected 78% of unemployed Americans view themselves as temporarily furloughed. Most Americans ant...
Strategic human resource management: The ultimate guide
Strategic human resource (HR) management treats human capital — or employees — as another financial asset of the company. Just like you’d consider real estate or raw materials as an asset to be optimized, strategic HR does the same for the company’s labor force. The more effective your strategic human resources plan is, the stronger the company will be both financially and culturally.
Considering a strategic approach to HR management is increasingly important in our changing world. Creating a...
Get Connected in Your Community: 18 Free or Cheap Activities for Seniors
When I told Tony Brooks, activist and advocate at ADAPT Philadelphia, that I was writing a story about free and cheap activities for seniors, he let out a laugh.
“You mean like adult day care?”
ADAPT is a disability advocacy group that explicitly includes seniors among the disabled. Brooks was acknowledging the fact that American culture tends to separate seniors (and disabled people at large) from their own communities.
“I usually love having conversations with elderly people,” Brooks contin...
Disabled Americans and their families have a tool at their disposal that can protect their assets while getting the aid that they need
A supplemental needs trust can help disabled people and their families make ends meet. Terry Vine/Getty Images
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Disabled people face many financial hurdles in the U.S. and long-term aid can be hard to obtain.
There is a trust that can help them qualify for state aid and keep some assets for other expenses.
Supplemental needs trusts can also help caretakers afford their own health expenses as they age.
Read more from Personal Finance Insider.
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7 Ways to Save With Your ACCESS Card
If you have an ACCESS card, you’re definitely aware of the primary benefits associated with it – whether that’s healthcare or food stamps or income for foster care families.
But you might not know that there are a myriad of other savings your ACCESS card can unlock. We’re talking reduced Amazon Prime memberships, free...
ABLE Age Adjustment Act
ABLE accounts have been around since 2014, but in late 2022 they got a facelift via the ABLE Age Adjustment Act, which passed as a part of SECURE 2.0. This new law ups the maximum age of onset of disability from 26 to 46, nearly doubling the eligible user base.
Let’s take a look at what that means for you as you save for your disabled child’s college education.
Kids with autism growing up in middle-class families have the worst health outcomes, and it comes down to money
Middle-income households are less likely to have access to resources like Medicaid and food stamps.
That's one factor making it harder for families with kids with autism to meet their medical needs.
Public health insurance and professionals who help families navigate available assistance could help.
Disabled? You Could Get a Break on State Taxes With an ABLE Account
Disabled Americans face many financial hurdles, and the high cost of medical care may be the biggest.
But when the disabled need to access assistance programs in order to pay for that medical care, there are often asset tests that limit the amount they are allowed to have in savings. And sometimes even the amount they are allowed to earn.
This post will introduce one of those rare silver linings in disability finance. We will show how to use an ABLE account to make housing costs deductible on...
This Woman Got $200,000 in Grants for Her Autistic Children. She Can Teach You How.
Sheletta Brudidge has secured more than $200,000 in free grant money over the course of her autistic children’s lives. With the biggest calendar year bringing in $80,000, this grant funding has paid for therapies that weren’t covered by insurance, a fence to address her children’s elopement concerns and a trampoline, ...
6 Ways to Manage Depression and Work
6 Career Strategies for People Who are Coping With Depression