Which question should be asked to understand the specific needs of a long-term dependent?

• What are their disabilities?

• Do they have any special talents?

• Are there any special considerations that relate to their future education?

• All of the above

There is a specific template to follow when creating a special needs plan.

• True

• False

You should always directly give more than $2,000 to a child with disabilities.

• True

• False

It is important to determine the cost of the parents' replacement team to figure out needed services.

• True

• False

ABLE accounts are available for anyone with a disability at any stage of life.

• True

• False

Family law attorneys will have all the answers for divorcing parents of a child with special needs.

• True

• False

In co-parenting situations, two separate special needs trusts may be needed.

• True

• False

• $2,800

• $3,992

• $33,600

• $47,906

• $882,818

• $1,100,000

• $1,016,073

• $1,440,000

Two 25-year-olds, Mark and Rebecca, have different retirement savings approaches. Mark decides to save for the next 10 years and then stops saving. Rebecca decides to wait 10 years to begin saving, but will save for 30 years. They make $5,500 annual investments to fully fund their Roth IRAs and both average 8% returns. Why does Mark end up with more money at age 65?

• Interest rates are better in the early years

• Mark had better investments

• Mark is just luckier

• The time value of money and compounding