The Able Adjustment Act could bring stability
The ABLE account is an excellent tool for individuals with disabilities to save for the future while living full, rewarding, financially secure lives. As a special needs planning company, we have written quite frequently on the ABLE account and the ways in which we feel it is a beneficial addition to the special needs planning toolkit.
In the event that you haven’t yet familiarized yourself with the Achieving a Better Life Experience (ABLE) account, here is a quick rundown: the ABLE account allows individuals with disabilities to open special savings accounts for disability-related expenses. The account is modeled off of the already existing 529 college savings accounts, and ensures that all funds in this account can grow tax free as long as the funds are used for qualifying, disability-related expenses (as approved under regulations). For a more detailed description of the ABLE account, follow this link or check out or ABLE account blog archive.
To read more on this story, click here: Are ABLE Accounts Unsustainable? | M&L Special Needs Planning
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