Floridians who have or love someone with a disability you need to know about ABLE United. This program helps ease financial worries for people with a variety of different disabilities.
My daughter has severe anxiety disorder. She’s had long patches where just leaving her room to come to the dinner table or living room couch was a struggle. I worry about how she’ll do as an adult when these pits hit.
Yes, we’re working hard to help her have a variety of tools at her disposal – therapists, psychiatrists, medication, health foods, fresh air, exercise, hobbies, coping mechanisms, support systems, etc. But mental health disorders are more complicated than that. The pits will still come.
ABLE United can help families and individuals plan for those times when their special situations make finances really hard.
And it won’t hinder any benefits the person is receiving.
Until recently, individuals receiving federal benefits were restricted in the amount of money they could save, effectively preventing them from planning for the future and leaving many with no other choice but to live in poverty.
For individuals with disabilities, the fear of losing benefits or costs of setting up special needs trusts often prevented or limited them from considering all of their options to build financial security. The ABLE Act amends section 529 of the Internal Revenue Service Code allowing each state to create tax-advantaged savings accounts specifically for individuals with disabilities. These savings and investment accounts allow individuals to save money while maintaining federal benefits like Supplemental Security Income (SSI) and Medicaid. The ABLE Act now allows individuals with disabilities to save up to $14,000 without impacting government benefits.
Learn more Tuesday evening at a free webinar. Register here.
This is a sponsored post, but all thoughts are my own.