ABLE Accounts
An Achieving a Better Life Experience (ABLE) account provides a tax-advantaged method to save for qualified disability expenses. Contributions are not tax deductible for federal income tax purposes, but your investments can grow tax free and remain so when withdrawn if used for qualified disability expenses.
You can typically choose among several investment options with an ABLE account, which may include mutual funds and money market funds. You may also be able to allocate funds to FDIC insured savings or checking options. Funds may be accessed through checks, ABLE prepaid spending cards or ATMs.
The SEC does not regulate or oversee ABLE accounts.
