Living with a disability can add some difficulties and hurdles in life. Saving and investing should not be one of them.
In 2014, federal legislation known as the Achieving a Better Life Experience (ABLE) Act was passed. It established tax-advantaged savings accounts for eligible individuals to save funds for qualified everyday expenses—without endangering eligibility for benefits.
NC ABLE accounts are available to qualified individuals across the United States. Eligible individuals can open an account for themselves, or an authorized individual can open an account on their behalf.
You’re eligible if your disability was present before the age of 26, and at least ONE of the following is true: