ABLE accounts are tax-advantaged savings accounts for people with disabilities. The money saved in ABLE accounts can be spent on qualified disability expenses. Most importantly, having an ABLE account won’t affect the account holder’s eligibility for federal programs such as Medicaid and Supplemental Security Income.
ABLE accounts can be used in a variety of ways. We spoke with three ABLE account holders to learn how ABLE accounts are improving their financial lives.
Penny Forward Founder Chris Peterson Featured On USAToday.com about ABLE Accounts
What’s Next?
Did you find this information useful? Don’t miss out! Subscribe to the Penny Forward Podcast today and stay connected to inspiring stories, innovative products, and valuable insights from the blind community and our allies. Be part of the conversation that’s changing lives—new episodes drop every other week!
How Can I Help?
Penny Forward relies on supporters like you to make financial education accessible to the blind community. Your donation today ensures we can keep offering life-changing courses, counseling, and resources. Donate now through our quick and secure online form, or learn about other ways to give, like workplace giving and securities donations. Every dollar empowers someone to achieve financial independence!
by
Tags:
Leave a Reply