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Transition - Financial Planning

Transition Resources

Financial Planning

  • Supplemental Security Income (SSI) 
    • Supplemental Security Income (SSI) is a needs-based program that provides monthly payments to elderly, blind, or disabled people with limited income and resources. 
    • SSI is different from Social Security retirement benefits, which are paid to people who have worked and paid Social Security taxes for many years.
    • Your benefits may include a monthly payment (around $1000.00/includes $300.00 from the state) and MediCal (health insurance).  Supplemental Security Income (SSI) in California 2024
    • If applying for an 18+ year old, they cannot have more than $2,000.00 of resources in their name (bank account/vehicles, etc.)  SSI Spotlight on Resources | Supplemental Security Income (SSI) | SSA
    • If applying for a child, the limit is $4,000.00 if for one parent/$5,000.00 for a couple.
    • There are specific conditions that may reduce the amount of money  you are awarded when applying for an adult (18+).  Call Club 21 or speak to another parent prior to your interview with Social Security.
    • Application
  • ABLE Accounts - Tax-advantaged savings accounts that can fund disability expenses
  • Cal ABLE Accounts -  California Achieving a Better Life Experience is a tax-advantaged savings and investment program that helps California residents with disabilities save for expenses related to their disability. 
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