3 ms·
A lot of people are talking about the low asset limit, but a relatively new account type gets ignored by that limit. An ABLE account. It’s not perfect and ass
by frumper 2y ago
A lot of people are talking about the low asset limit, but a relatively new account type gets ignored by that limit. An ABLE account. It’s not perfect and asset limits are way too low, but this type of account greatly helps people with disabilities save/invest up to $100k without counting against the limit. It is restricted to specific uses, but it’s very broad and pretty much anything but alcohol and gambling can be spent on from it.
https://www.ssa.gov/ssi/spotlights/spot-able.html https://www.ssa.gov/ssi/spotlights/spot-able.html
- Volundr 2y agoUnless I'm missing something, it appears only those who were disabled before the age of 26 qualify... That seems VERY limiting.