The Achieving a Better Life Experience (ABLE) Fund is a tax-advantaged savings program designed to help individuals with disabilities and their families save for disability-related expenses without jeopardizing their eligibility for public benefits. Established under the ABLE Act of 2014, these accounts allow for tax-free growth and can be used for a wide range of expenses, including education, housing, transportation, and medical costs12. Contributions to an ABLE account can be made by anyone, including the account beneficiary, family, and friends. This initiative is a significant step towards financial independence and security for people with disabilities.
Have you or someone you know considered opening an ABLE account?
What are some of the expenses you think could be covered by this fund?