From Benefits to Bricks: Disability Homeownership with a Chartered Special Needs Consultant
Manage episode 508038364 series 2897793
Navigating the complex intersection of disability, homeownership, and financial planning requires specialized knowledge that few possess. In this eye-opening conversation, Hannah Magma shares her expertise as a Chartered Special Needs Consultant—one of fewer than 500 nationwide among over 300,000 financial advisors. Hannah, who is both a wheelchair user and parent of a medically complex child, brings personal experience to her professional insights. She explains how ABLE accounts work as powerful financial tools that allow disabled individuals to save beyond typical benefit program limits without losing eligibility. For housing specifically, these accounts offer unique advantages over special needs trusts, particularly for handling rent or mortgage payments without reducing Supplemental Security Income benefits.
The conversation challenges common misconceptions about disability and finances. Whether you're disabled, caring for someone with a disability, or simply planning for an uncertain future, this conversation offers valuable insights into creating financial security while maintaining benefits.
Join us at HorizontalHouses.com to continue exploring disability homeownership and find resources to help lower barriers while raising standards for accessible living.
About Thrivent
Thrivent is a diversified financial services organization that helps people achieve financial clarity, enabling lives full of meaning and gratitude. Thrivent and its subsidiary and affiliate companies serve more than 2.3 million clients, offering advice, insurance, investments, banking and generosity products and programs online and through financial advisors and independent agents nationwide. Thrivent is a Fortune 500 company with $179 billion in assets under management/advisement (as of 12/31/23). Thrivent carries ratings from independent rating agencies which demonstrate the strength and stability of the organization, including an A++ rating from AM Best; an Aa2 rating from Moody's Investors Service; and an AA+ rating from S&P Global Ratings. Ratings are based on Thrivent's financial strength and claims-paying ability, but do not apply to investment product performance. For information on these ratings, visit the rating agency's website. Dividends are not guaranteed. For more information about Thrivent, visit Thrivent.com or find us on Facebook, Instagram and LinkedIn.
Thrivent provides advice and guidance through its Financial Planning Framework that generally includes a review and analysis of a client’s financial situation. A client may choose to further their planning engagement with Thrivent through its Dedicated Planning Services (an investment advisory service) that results in written recommendations for a fee. Thrivent and its financial advisors and professionals do not provide legal, accounting, or tax advice. Consult your attorney or tax professional.
Cush Pocket, a proud sponsor, is a disabled owned company that sells wheelchair bags. Get $1 off by using code Angela Fox
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Chapters
1. Introduction to AI Home Podcast (00:00:00)
2. Meeting Hannah Magma, Chartered Special Needs Consultant (00:01:26)
3. Understanding ABLE Accounts and Housing Options (00:05:13)
4. Home Accessibility and Financial Considerations (00:14:59)
5. Healthcare Challenges and Environmental Barriers (00:20:40)
6. Finding the Right Financial Specialist (00:27:22)
7. Conclusion and Resource Information (00:36:52)
37 episodes