A Deep Dive into the Hurdles of Adoption Finances with Matt Joyner

In this episode of The Adoption Roadmap, Rebecca interviews Matt Joyner, an expert in financial planning for adoptive families. Matt shares his personal adoption journey and provides valuable insights on how to financially prepare for adoption. He discusses both the emotional and economic aspects, common financial challenges, and strategies for balancing immediate adoption costs with long-term goals. Matt explains the adoption tax credit, including eligibility, income limitations, and the application process, as well as employer and military benefits available to adoptive families. Rebecca and Matt’s conversation concludes with insights on the importance of early financial planning and self-awareness in the adoption journey.
Important Links mentioned in Today's Episode
⁠Matt's Adoption Finance Planning Guide⁠ - www.adoptionfi...
⁠Matt's Financial Planning Firm⁠ - www.adoptionfi...
⁠Planswell - Retirement Planning Software⁠ - planswell.com/...
⁠⁠⁠RG Adoption Consulting⁠⁠⁠⁠ - www.rgadoption...
⁠⁠⁠⁠The Adoption Roadmap⁠⁠ Academy - www.rgadoption...
⁠Your Adoption Finance Coach⁠ - rgadoption.ado...
Chapters
4:20 Personal Experience with Adoption
9:35 Financial Challenges and Preparation for Adoption
20:07 Financial Pitfalls to Avoid: Dipping into Retirement Savings and Inadequate Emergency Funds
23:16 Alternative Funding Options
28:51 Balancing Adoption Costs and Long-Term Financial Goals
29:40 Understanding the Adoption Tax Credit and Employee Benefits
36:56 Employer and Military Benefits for Adoptive Families
46:03 The Importance of Early Financial Planning
47:13 Raising, Saving, and Borrowing Money for Adoption
49:09 The Importance of Remembering the Purpose of Adoption
Episode Disclaimer
This recording is limited to the dissemination of general information pertaining to adoption planning. Nothing presented within constitutes specific investment advice, tax or accounting advice, legal insurance or regulatory advice, or an offer to sell or solicitation of an offer to buy any security.
While reasonable efforts were used to obtain information from sources believed to be reliable, Fortis Capital Advisors LLC makes no representation that the information or opinions contained in these materials are accurate, reliable, or complete. All information and opinions contained in this presentation are subject to change without notice. Investment advice is offered through Fortis Capital Advisors LLC, 7301 Mission Road, Suite 326. Prairie Village, Kansas 66208. Fortis Capital Advisors LLC is an investment advisor registered with the Securities and Exchange Commission, SEC. Additional information about Fortis Capital Advisors LLC is available on the SEC's website at www .advisorinfo .sec .gov. Fortis Capital Advisors LLC mainly provides investment advice, to individual investors and businesses.
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