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  • 60-year-old disabled woman lost all assets due to chronic illness
  • Looking for a certified financial planner who understands chronic illness
  • Need help navigating medical expenses and maximizing inheritance
  • Finding a financial adviser who specializes in special needs planning
  • Consider membership in The Academy of Special Needs Planners or Chartered Special Needs Consultant designation
  • Cross-reference planners with National Association of Personal Financial Advisors (NAPFA)
  • Search for planners specializing in special needs planning on XY Planning Network
  • Check with Financial Planning Association for advisers with CFP credential
  • Find a CFP who takes a holistic approach to financial planning
  • Ask potential advisers about their experience with chronic illness and tailored financial plans
  • Ensure adviser is knowledgeable about your specific medical needs and available benefits
  • Review expenses associated with disability and chronic illness regularly
  • Understand the impact of SDI and SSDI on your benefits
  • Consider consulting a trust attorney for Medicaid planning
  • Adviser should provide planning in cash flow, insurance, and estate planning

A 60-year-old disabled woman shares her struggle of losing all her assets due to a chronic illness and seeks help in finding a certified financial planner (CFP) who understands the unique needs of individuals with chronic illnesses. She specifically mentions the need for a functional neurologist, which is not covered by insurance and costs $4,000. The article provides guidance on finding a CFP who specializes in special needs planning, such as being a member of The Academy of Special Needs Planners or holding the Chartered Special Needs Consultant (ChSNC) designation. It also suggests cross-referencing planners with the National Association of Personal Financial Advisors (NAPFA) and using the XY Planning Network to search for planners specializing in special needs planning. The article emphasizes the importance of finding a CFP who takes a holistic approach to financial planning and asks potential advisers about their experience with chronic illness and tailored financial plans. It also highlights the need for advisers to be knowledgeable about specific medical needs and available benefits. The article advises regularly reviewing expenses associated with disability and chronic illness and understanding the impact of Social Security Disability Insurance (SSDI) and State Disability Insurance (SDI) on benefits. For those planning to use Medicaid, consulting a trust attorney for Medicaid planning is recommended. The article concludes by emphasizing the importance of finding an adviser who provides planning in cash flow, insurance, and estate planning.

Factuality Level: 2
Factuality Justification: The article is not a news article but rather a response to a reader’s question seeking financial advice. It provides relevant information on finding a financial planner who understands the needs of a person with chronic illness. The advice given is based on the expertise of certified financial planners and includes specific recommendations on how to choose a planner. The information provided is factual and practical, without any misleading or sensationalized content.
Noise Level: 3
Noise Justification: The article provides relevant and actionable information for a disabled woman looking for a financial planner who understands chronic illness. It offers specific advice on finding a certified financial planner, what questions to ask, and considerations for managing expenses related to disability and chronic illness. The information is focused, well-supported, and provides valuable insights for the reader.
Financial Relevance: Yes
Financial Markets Impacted: No
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article discusses the importance of finding a certified financial planner who understands the needs of individuals with chronic illness. While it pertains to financial topics, there is no mention of any extreme events or their impact.
Private Companies: Tranquil Path Financial Planning,Highland Financial Advisors,Advise Financial
Key People: Britta Koepf (Certified Financial Planner at Tranquil Path Financial Planning), Joey Casolaro (Certified Financial Planner at Highland Financial Advisors), Alonso Rodriguez Segarra (Certified Financial Planner at Advise Financial), Elizabeth Wolleben Yoder (Certified Financial Planner and CFP Board Ambassador)

Reported publicly: www.marketwatch.com