What to Know Before Opening an ABLE Account
By Susan Johnston Taylor via US News
The total annual contribution limit for an ABLE Account is $14,000, in keeping with the federal gift tax exclusion limit. “One of the biggest benefits [of ABLE Accounts] is that it allows individuals to save for their futures without jeopardizing their SSI and Medicaid benefits,” said Rodriguez.
Take a look at these questions to consider before setting up an ABLE Account: https://bit.ly/2KmGmdD