Reported 2 days ago
ABLE accounts offer individuals with disabilities a unique opportunity to save and invest without jeopardizing their eligibility for public benefits like Medicaid and Supplemental Security Income. Introduced through the ABLE Act in 2014, these accounts allow eligible individuals to save up to $100,000, providing financial independence and the flexibility to withdraw funds tax-free for various disability-related expenses. With a range of investment options and significant tax benefits, ABLE accounts act as a vital financial tool for people with disabilities, enabling them to participate more fully in the economy.
Source: YAHOO