What You Need to Know about ABLE Accounts | Queer Money Ep. 548

Queer Money®: How Gay People Do Money

Innhold levert av Queer Money. Alt podcastinnhold, inkludert episoder, grafikk og podcastbeskrivelser, lastes opp og leveres direkte av Queer Money eller deres podcastplattformpartner. Hvis du tror at noen bruker det opphavsrettsbeskyttede verket ditt uten din tillatelse, kan du følge prosessen skissert her https://no.player.fm/legal.

4M ago 52:39

MP3•Episoder hjem

What are ABLE accounts and how can they help disabled folks save money?

On episode 548 of the Queer Money Podcast, hosts John and David welcome back Brynn Conroy, founder of Femme Frugality and Disability Finance. They discuss the challenges Americans face in qualifying for social security disability benefits and how the system often forces poverty. Conroy delves into the details of ABLE accounts, designed to help those with disabilities achieve a better quality of life by offering tax advantages and allowing savings without jeopardizing benefits like SSI and SSDI. The conversation also touches on the impact of ableism in the workplace, systemic issues, and how the pandemic has strained systems for people with disabilities. Conroy provides insights from her lived experience and emphasizes the importance of financial education and legislative advocacy for improving disability finance.

Topics Discussed

00:00 Introduction to Social Security Disability Benefits
00:46 Welcome to Queer Money Podcast
01:45 Introducing Brynn Conroy and Disability Finance
04:47 Challenges Faced by Disabled Individuals
06:56 Understanding Disability Definitions and Models
19:15 Income and Asset Restrictions for Disabled Individuals
23:30 Political and Social Issues Surrounding Disability
26:37 The Impact of ADAPT on Disability Laws
27:13 Understanding ABLE Accounts
29:04 ABLE Accounts and Inheritance
29:58 Medicaid Payback and Trusts
31:20 Housing Benefits of ABLE Accounts
31:58 Challenges and Resources for Disability Finance
35:51 Expanding Eligibility for ABLE Accounts
37:49 Disability in the Queer Community
42:23 Real-Life Benefits of ABLE Accounts
45:26 How to Open an ABLE Account
47:42 Global Perspectives on Disability
49:33 Final Thoughts and Resources

For the resources and to connect with our guests, get the show notes at: https://queermoneypodcast.com/subscribe

Follow us:

Download your FREE Queer Money Kickstarter a 9-step Guide to Kickstart Your Journey to Financial Independence

Mentioned in this episode:

Subscribe to the Queer Money Weekly Newsletter

Subscribe here to get weekly money tips, show notes, Queer Money take-aways, give-aways, access to events and more.

Subscribe to the Queer Money weekly newsletter

575 episoder

#Business #LGBT #Society #Communities #Financialindependence #Gay #Investing #Lgbtpodcast #Money #Personalfinance #Queermoney #Retireearly #Travel #The Debt Free Guys