Till Lauer, in his New York Times article, discusses the new qualifications modified with the ABLE Age Adjustment Act in the recent spending bill. His article, “Savings Accounts for Disabled People Are Opened to More of Them,” begins as follows:
Disabled Americans recently scored a victory when Congress approved an expansion of state-based accounts that let them work and save money without risking the loss of public benefits like Medicaid.
The change means an estimated six million more people, including about one million military veterans, will eventually qualify for the tax-favored accounts, advocates for disabled people say. The accounts, known as ABLE accounts, are named after the 2014 law that created them, the Achieving a Better Life Experience Act.
Click here to view Till Lauer’s summary of “Savings Accounts for Disabled People Are Opened to More of Them”
Posted by Melissa Zheng, Associate Editor, Wealth Strategies Journal.