Empowering people with disabilities and their families to save for the future, while protecting eligibility for public benefits
The Stephen Beck, Jr. Achieving a Better Life Experience Act (ABLE Act) became law on December 19, 2014. The ABLE Act creates a new option for some people with disabilities and their families to save for the future, while protecting eligibility for public benefits.
ABLE plans can change the way individuals with disabilities and their families participate in the community, build financial wellness and plan for the future by empowering them to save and invest for the added expenses that come with having a disability without losing access to federal means-tested benefits.
ABLE accounts foster person-centered independence, build self-reliance, encourage employment and improve quality of life. Contributions to ABLE accounts can come from earnings, family, friends and other sources. Earnings on ABLE accounts are tax-deferred, and withdrawals are tax-free as long as they are used for qualified disability-related expenses.
ABLE Savings Plans Network
The ABLE Savings Plans Network Empowers Members to:
- Improve and expand utilization of ABLE programs.
- Influence the setting of national policy affecting the Programs and those saving for the needs of people with disabilities.
- Enhance the communication, cooperation and effective administration among Network Members.
- Foster a professional relationship and the exchange of ideas and information among Network Members.
2024 Executive Board
Introducing
ABLE today, launched by the National Association of State Treasurers Foundation (NAST Foundation) in 2022, is a national awareness and educational initiative aimed at advancing financial empowerment and community inclusion for people with disabilities through ABLE accounts. ABLE today supports a collaborative, national effort for expanding outreach for ABLE Programs to the disability community and establishing partnerships to promote the positive impacts of ABLE accounts. For more ABLE information or to partner with ABLE today, please visit www.abletoday.org or contact the ABLE today team at info@abletoday.org.
“Having an ABLE account now means financial security. I just put a down payment on an accessible vehicle with the money I saved in my ABLE account. I don’t know what I would do without ABLE.”
— Wendy Settles, Illinois, Young adult professional with Cerebral Palsy
Network Accomplishments
National ABLE Savings Day
August 14th marks ABLE Savings Day! People involved in ABLE savings plans across the country share the value and importance that these plans bring to people living with disabilities.