Planning for Today, Tomorrow and the Future with ABLE Disability Savings!

Planning for today, tomorrow and the future! 

Anyone that knows me, realizes that I am a planner, and that I take great strides to prepare and plan for our, and our children's future. We are fortunate because my husband can work and do overtime to make planning for our future even easier, but many do not have that option. In the shaky economic times we live in, it is more important than ever to save, and plan for the future, and in my opinion, that is especially true if you have a disability. 

  

 "According to a survey conducted by America Saves, only 40 percent of households are making good or excellent progress in saving, and more than 27 percent report no progress at all. The numbers are even more dismal for the disability community – the National Disability Institute reports that an estimated 1.9 million households that include an individual with a disability do not have a checking or savings account."

These are sad statistics to me, and I love that their are organizations like ABLE who make it easier for those with disabilities to save and prepare for their future.  I personally have a child who is disabled, with apraxia of speech, so this hits very close to home for me. I want him to be able to save and prepare for his future when he gets to that age as well. In the past, those who received government assistance could only have $2,000 in their savings account which effectively kept them in savings, but that is now no longer an issues because ABLE allows those with disabilities to save $14,000 a year tax-free without impacting your government benefits.

Some of the benefits of ABLE accounts include:

• Access
• Flexibility
• Funeral and burial payments
• Doesn’t require attorney
• No monthly cost or cost to open
• Already approved by SSA and Medicaid

But, how does an ABLE account compare to other financial planning tools, such as a special needs trust?

Join ABLE United and special needs attorney Travis Finchum in a discussion of the attributes of both types of accounts, to help you determine the best choice for yourself, your loved one, or the people you serve.

Webinar URL: https://attendee.gotowebinar.com/register/6399849652298504963?source=Bloggers

Please visit this webinar if you or a loved one is disabled and wants to start planning for their future. Gone are the day that those on disability have to keep their money in a box hidden in the yard....ABLE united has a way to help you! 

If you decide to go ahead and take the plunge, here is a code to help you save a little more: TOPNOTCH17

  This post was sponsored by ABLE and financial compensation was received for this post. The sponsor and any compensation received for this post in no way affected my opinion or any statements presented in this post. Top Notch Material blog always provides honest opinions, beliefs or experiences on products and services reviewed. If you have any questions or would like your product, service or company featured on Top Notch Material, please contact Paige from Top Notch Material at nursemommypaige@yahoo.com The disclosure is done in accordance with the Federal Trade Commission 10 CFR, Part 255 Guides Concerning the use of Endorsements and Testimonials in Advertising.