Source: @AssociatedPress

From the article: "Named for the 2014 law that created them, the Achieving a Better Life Experience Act, ABLE accounts have been available since 2016 to individuals identified by a doctor as having a disability before the age of 26. Next year, they’ll become available to those identified before the age of 46, which will increase access to an additional 6 million people, including 1 million veterans, according to Indiana State Treasurer Daniel Elliott, who administers the accounts in his state. An estimated 8 million people nationwide already qualify."

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#InvestmentAccount #NAST #NationalAssociationOfStateTreasurers #TaxAdvantages #MedicalTreatment #Education #Tutoring #JobTraining

https://apnews.com/article/able-account-disabilities-savings-439fe21204ff443a1c0d907a112b99a0

These little-known bank accounts allow Americans with disabilities to save and invest

If you're an American with a disability who receives government assistance, you likely qualify for an ABLE account, or you may starting next year. These little-known accounts allow Americans with disabilities to save and invest money without the risk of losing benefits like Supplemental Security Income or Medicaid. Beginning in 2026, they'll become available to people diagnosed with a disability before the age of 46, up from the current threshold of 26, increasing access to the accounts by 6 million people. But state treasurers and experts say raising awareness of the accounts is a challenge.

AP News