DISABILITY SCOOP: States Band Together On ABLE Accounts
Multiple states have joined together to work to create ABLE Accounts (accounts that will allow people with disabilities to save up to $100,000 without jeopardizing their Social Security and other government benefits). Currently 40 states (plus Washington D.C) have approved legislation to create ABLE accounts, but no state has made the program available yet. By working together, state officials hope to offer better quality investment products at lower cost.