ABLE Accounts Help People With Disabilities Save for the Future
“‘Some states offer tax credits for funding 529A’ — or ABLE — accounts if you’re a resident in that state, says Cynthia Haddad, certified financial planner, chartered special needs consultant and managing partner at the Affinia Financial Group based in Massachusetts.
But not every state’s ABLE account has the same fees or services, such as a debit card or the ability to invest funds. Fortunately, you can switch plans and you can choose an ABLE account that isn’t in your state, especially if the services work better for you.”