RICHMOND, Va. (WRIC) — A new Virginia-based program will help secure the finances of people with disabilities across the country.
ABLEnow is a tax-advantaged investment account. It allows men and women with disabilities to save for the future without endangering their eligibility for certain benefit programs.
Virginia529, known for its College Savings Plan, is the agency that will administer ABLEnow.
“We’re proud that the idea for ABLE accounts emerged about a decade ago from a group of Virginia parents,” says Mary Morris, Virginia529 CEO. “After years of working alongside disability advocates on federal and state-level ABLE legislation, Virginia529 is thrilled to open ABLEnow for individuals with disabilities and their families, both in Virginia and across the country.”
ABLEnow opens nationwide for enrollment on December 19.
Learn more about the program by following this link.