August 2017 is #ABLEtoSave month, a nationwide awareness campaign led by the ABLE National Resource Center (ANRC) to provide information about Achieving a Better Life Experience (ABLE) accounts, which are a new financial savings tool for individuals with disabilities. The ANRC invites potential ABLE participants, their families, the financial community and all other ABLE stakeholders, to attend a free webinar on Wednesday August 2, from 2:00 – 3:00 EST, focused on debunking common ABLE myths.ABLE accounts are now available across the country for qualified individuals with disabilities to save money without jeopardizing their eligibility for public benefits. Despite their widespread availability, the lack of awareness and misinformation about ABLE accounts is preventing millions of people from taking advantage of this revolutionary savings tool.
In order to increase knowledge of and confidence in using ABLE accounts, the webinar will debunk common ABLE-related misconceptions, such as:
- Eligibility
- Interaction with public benefits
- Appropriate use of ABLE funds
- Comparison to 529 College Savings Accounts
- Residency Requirements
- Caps related to contributions
- Much more!