Blogs by Cascade Investment Group

By Rob Wrubel, CFP^®

We are in the heart of tax season. Most of us received our W-2s in early February. Families with investment accounts and funded trusts recently received 1099s for those accounts. Tax preparers and CPAs are shut away for the next month hoping the phone doesn’t ring and the days have extra hours so they can finish the flood of returns on their desks in time.

Taxes are like so many other aspects of a life with a special needs family member—so much is the same, so much is different. Families with a special needs member must pay extra attention at this time of year to make sure they use the tax code to their benefit as much as possible.

What should you do to help you the most during this tax season? Here are a few tips and tax ideas. We are not accountants at Cascade Investment Group so check with your preparer this tax season. The following ideas are not meant to be comprehensive; we seek to offer some suggestions:

By Rob Wrubel, CFP^®

Family members living with special needs people look for inspiration each day. We look to stay motivated to encourage reading, walking or speech. We need to stay motivated to help family members regain motor skills and teach learning patterns. We need to stay motivated to experience each moment as one on a fulfilling journey rather than a setback to pain and suffering.

We must remember to  celebrate the victories and achievements in our life and the life of our special needs family member. We can use those moments of excellence to keep us inspired to learn more, focus on our dreams and live the life we want to live.

By Rob Wrubel, CFP^®

Once again, the health facility where I work out has been busier than usual the last few weeks. The holidays have passed and many people look to get the extra cake and cookies out of the diet and the extra pounds off of their bodies.

Financially, many people looked to tie up loose ends as the year came to a close and promised to do better in the new one. Resolutions included saving more, spending less or just plain taking a look at the checking account every so often. Budgeting resolutions are part of the New Year’s rituals—easy to promise and so often hard to keep.

As a financial planner, I have seen many people with different levels of budgeting desire and skill. One family I know has the envelope system down and tracks every penny through this manual process. Another family has a monthly summit where the husband and wife get together and review the past month, the coming month and the values of their savings and investment accounts.

By Rob Wrubel, CFP^®

Life with special needs family members takes extra time, patience and money. There are trips to therapies, doctors and schools that typical families do not have. Taking someone out for a trip to the supermarket who cannot walk or has difficulties moving takes twice the time for another person.

Do not let the additional pressures and challenges stop you from making some critical decisions. This is the beginning of a new year. If you have not already, take 15 minutes to right out a few goals for the year.

By Rob Wrubel, CFP^®

Many of us have been touched by not-for-profit organizations that serve our family members with disabilities. These organizations include medical and rehabilitation services, job-placement agencies and certain employers, groups that provide food, shelter and clothing, schools, advocacy groups and more. What most of us do not recognize is that the funding for these organizations is usually limited and that they depend on donations of all sizes to keep the doors open and the services plentiful.

 If we step back and review the life of our family member or friend with a disability, there are usually several prominent organizations that jump out, and countless other ones that we never see. My family has been served by at least a half a dozen directly, and my daughter is only three and a half years old.

By Rob Wrubel, CFP^®

“The key to realizing a dream is to focus not on its success but on its significance—and then even the small steps and little victories along your path will take on greater meaning.” - Oprah Winfrey

Planning for a life with a special needs family member usually means taking a moment to understand that the life you will live will be different from the life you expected. We are not usually prepared to live with a special needs person. That person comes into our lives due to a birth, the onset of a condition, an accident or through the gradual awareness of developmental delays as a child advances through school.

The first few months and years of living with a special needs person involves a rush of new activities. These activities may cause stress, confusion and anguish as we try to make the world the best place possible today for our special needs family member.