www.marketwatch.com
Previously limited to individuals whose disability began before age 26, ABLE accounts now allow eligibility for those whose disability onset occurs before age 46. This expansion, enacted by Congress, increases the number of people who can open these tax-advantaged savings accounts. ABLE accounts help people with disabilities save for qualified disability expenses without losing eligibility for federal benefits like Supplemental Security Income (SSI) and Medicaid. This change provides a vital financial tool for a broader group of individuals to maintain independence and financial security.
Read More
