August 23, 2017
August 2017 is #ABLEtoSave month, a nationwide awareness campaign led by the ABLE National Resource Center (ABLE NRC) to provide information about Achieving a Better Life Experience (ABLE) accounts, which are a new financial savings tool for individuals with disabilities. ABLE NRC invites potential ABLE participants, their families, the financial community and all other ABLE stakeholders, to attend a free webinar focusing on explaining key financial terms associated with ABLE accounts.
ABLE accounts are now available across the country for qualified individuals with disabilities to save money without jeopardizing their eligibility for public benefits. Absent a guardianship or power of attorney arrangement, ABLE account holders are the owners of the account and have control over the assets. Many ABLE account holders have reached out to ABLE NRC and expressed uneasiness with many financial terms involved in opening and managing an ABLE account. This webinar is designed to clarify many key terms so that ABLE account owners will feel empowered to manage their ABLE accounts in an informed and responsible way.
This webinar is moderated by Chris Rodriguez, Former Director, ABLE National Resource Center, and includes a panel of ABLE-related stakeholders and experts, including:
- JJ Hanley, Director, IL ABLE
- Michael Roush, Director, Real Economic Impact Network, National Disability Institute
The webinar will address questions such as:
- What does it mean if a plan is high-risk, medium-risk or low-risk?
- What does it mean for an account to be FDIC-insured?
- Why are there different fees associated with different investment options?
- What is the difference between “tax-exempt” and a “tax deduction”?