ABLE account

There are so many kinds of financial plans and accounts! I am going to share about ABLE account, and how it really is not like many other savings nor investment plans for individuals living with disabilities.

ABLE account is a savings, investment account specifically designed for individuals living with disabilities. Individuals living with disabilities are the main owners of their ABLE account. Income that is earned from them will not be taxed. The money in ABLE can be used for education, food, housing, transportation, employment training and support, assistive technology, personal support services, health care expenses, financial management and administrative services and other expenses which help improve health, independence, and/or quality of life. Majority of the states in this country has ABLE Accounts available for individuals living with disabilities to create their own account.

Watch this video to learn more about ABLE Accounts:

Published by Exceptional Shell

My name is Michelle. Follow my journey on life with Autism.

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