It’s never too early to begin planning financially for the future – evaluating your income, assets, debts, benefits, and other resources is essential to being well-prepared for a future with MS.
Financial Education Partners Program
The Financial Education Partners (FEP) program was established in 2006 by the Foundation for Financial Service Professionals. It provides pro bono financial planning and education to individuals with special health or financial circumstances.
What might be addressed during a planning session?
- Savings vehicles — pros and cons of various instruments
- Insurance analysis
- Employee benefits analysis — retirement planning, medical plans, disability coverage and life insurance
- Retirement planning — analysis of adequacy and tax effectiveness
- Estate planning — strategies to maximize inheritances/minimize taxes
- Legal planning — wills, special needs trusts, living trusts, etc.
Participants in the FEP program will receive reliable financial counseling, provided by a professional who adheres to the Society of Financial Service Professional’s Code of Professional Responsibility.
For more information please contact an MS Navigator by calling 1-800-344-4867 or via online.
National Financial Planning Resources
Financial Planning for a Life with Multiple Sclerosis
This 85-page financial planning guide provides information and strategies to help families plan wisely for the future and meet financial challenges that often accompany life with MS. Topics addressed include:
- financial organization and planning
- insurance options
- employment concerns
This financial planning guide is a collaborative project of the National Endowment for Financial Education, the National MS Society, and Paralyzed Veterans of America.
In addition to the physical and emotional impact of multiple sclerosis, the disease may also impose financial challenges. It is estimated that the cost of living with MS is upward of $70,000 per year, per person. MS may impact the ability to work and may generate out-of-pocket costs related to medical care, rehabilitation, home and auto modifications, and more. To learn more about financial assistance resources available to persons with MS, visit the Financial Resources page.