We're in our 40s with $8.5 million and a 5-year-old son with autism - how can we secure his future?

Parents aiming for financial independence must first build their own nest egg before they can effectively help their children become financially secure.

Taking care of your finances is akin to putting your own oxygen mask on first before assisting others, allowing you to help loved ones more effectively.

Planning for your child's future needs requires careful consideration of inflation and lifestyle costs, ensuring that the financial support lasts throughout their life.

Retiring early and achieving a luxurious lifestyle can be feasible; however, financial planning should prioritize the long-term security of dependents.

Read at 24/7 Wall St.