Able Accounts
15 articles
An ABLE account is a tax-advantaged savings account designed for people with disabilities that started before age 26. Unlike regular savings accounts, money in an ABLE account grows without being taxed, and having one doesn't automatically reduce other benefits you may receive. If you're disabled or caring for someone who is, you may have landed here wondering whether an ABLE account makes sense for your situation and how one actually works.
The articles here explain what ABLE accounts can and can't do, how much you can save in one, what happens to your other benefits when you open an account, and how to find and set one up. You'll learn the real limits and rules so you can decide whether this tool fits your financial picture.
What You Need Before You Apply for an ABLE Account
What ABLE Accounts Do Well and Where They Fall Short
What Records to Keep for Your ABLE Account
What Families Need to Know Before Opening an ABLE Account
ABLE Accounts vs. Special Needs Trusts: Which One Works for Your Family
How ABLE Accounts Work and What You Need to Know Before Opening One
ABLE Plans by State: Comparing Fees, Investment Options, and Account Features
How ABLE Accounts Let You Save Money Without Losing SSI or Medicaid
How Family Members Can Put Money Into an ABLE Account
Choosing an ABLE Account That Fits Your Situation
Opening an ABLE Account: What You Need and How to Do It
What You Can Actually Spend ABLE Account Money On
What You Can Pay for With an ABLE Account
How ABLE Accounts Grow and Change Over Time