Recent News

Resource CenterWhat to Know Before Opening an ABLE Account

Caregiving, General awareness

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:

Leave a Reply

Your email address will not be published. Required fields are marked *