In 2014, Congress passed the Achieving a Better Life Experience (ABLE) Act, creating a savings and investment account specifically for people with disabilities. Millions of individuals with disabilities and their families depend on a wide variety of public benefits for income, health care, food, and housing assistance. Unfortunately, these individuals are ineligible for benefits if they have more than $2,000 worth of cash savings and retirement funds. However, opening an AZ ABLE account will not only protect benefits, but also build savings and financial security.
Through an ABLE account, imagine for the first time having:
• The opportunity to save over a $2,000 limit
• The ability to accumulate wealth without jeopardizing eligibility for benefit programs
• The ability to save for a down payment on your first home or achieve a dream
• The choice to work more for the chance to earn more income
• The empowerment of changing your financial plan from monthly to yearly.
