61 million adults, and over 12.6 million children in the United States, have some type of disability.
That’s why ABLE accounts can be so tremendously helpful.
These tax-advantaged accounts for the disabled are relatively new and they remain little known. A pity.
You see, ABLE accounts can be real game-changers because they allow the disabled to save money without losing government benefits.
The sad fact is that government benefits are ordinarily suspended if a disabled or blind person accumulates over $2,000 in cash or other countable assets. This means they can never get ahead.
What exactly is an ABLE account, and how does it allow disabled people to save the money they so badly need?
You’ll find out when you…
Read the full article
“ABLE Accounts: A Great Deal
for the Disabled and Their Families”
Three ways our fact-filled article can help you:
- What exactly is an ABLE account? We’ll explain everything in detail. An ABLE account is a tax-advantaged account, (similar to a Section 529 qualified-tuition program). The money in an ABLE account grows tax-free, and withdrawals are tax-free without limit if they’re made for “qualified disability expenses.” Everything will be explained when you read the full article.
- You’ll learn who’s eligible to open an ABLE Account. The ABLE Act is designed to assist people who have significant disabilities. To qualify, the disability must have begun before age twenty-six. You’ll get the whole story when you read the full article.
- We’ll provide other important information, too. We’ll explain how to establish an ABLE account, how much you can contribute each year, how to handle rollovers from Section 529 plans, facts about special-needs trusts, and much more. Important information is waiting for you when you read the article.