ABLE (Achieving a Better Life Experience) accounts offer people with disabilities a great, tax-free way to accumulate money without jeopardizing their qualifications for Supplemental Security Income (SSI) and other means-tested programs. Withdrawals are tax-free as long as the money is used for “qualified disability expenses.”
Updates to CalABLE’s site and account platform will be happening this week. Here’s what you can expect from the changes and how it will impact you.
As a family with special needs, your journey is one of resilience, compassion, and unwavering love. Planning for two generations ensures that both your immediate and long-term financial needs are addressed, while simultaneously securing the financial well-being and future of your child.
There is a growing concern among some investors that the debt ceiling limit (controlled by Congress) and the spending plan (controlled by the President) will collide this summer. The history of federal government budgets, spending, debt ceiling limits, and shutdowns shows that these issues are complex and interrelated. They also reflect the political and economic challenges that the country faces at different times.
Given the recent headlines around bank failures, now is an excellent time to revisit how your money is protected.
How do you want to be remembered? This is a question that some people consider early in their lives. For others, it’s a thought that never crosses their mind. Some may want their alma mater’s library named after them, or to provide a comfortable life for those they leave behind in the form of seed money for their children to hopefully be successful. Others want to spend their last dime and slide across home plate and into eternity with nothing left over.