The Member Plan is one of the qualified ABLE plans issued by the National ABLE Alliance. Ascensus College Savings Recordkeeping Services, LLC, the Program Manager, and its affiliates have overall responsibility for the day-to-day operations, including investment advisory, recordkeeping and administrative services.
More commonly referred to as The ABLE act, this law allows eligible individuals with disabilities and their families to save money for disability related expenses in a tax-exempt account known as an ABLE account. What are ABLE accounts? ABLE accounts are tax-advantaged savings accounts intended to encourage and assist individuals with disabilities and their families to save private funds to.
To be eligible to open an NJ ABLE account, individuals must meet the following two requirements: Their disability was present before age 26; and; One of the following is true: they are eligible for SSI or SSDI because of a disability OR; they experience blindness as determined by the Social Security Act OR, 7/15/2018 · An ABLE account is a new type of tax-free savings account that is set up for a person with a disability. ABLE accounts are the result of the federal Achieving a Better Life Experience (ABLE) Act enacted in 2014. As reported last month, NJ ABLE accounts are now available for New Jersey residents.
6/18/2018 · The NJ ABLE accounts can be used to pay for expenses incurred as a result of living with a disability. Qualified expenses include, but are not limited to, education, health and wellness, housing, transportation, legal fees, financial management, job training and support, assistive technology and personal support services.
New Jersey Launches NJ ABLE Accounts to Help Individuals …
New Jersey Launches NJ ABLE Accounts to Help Individuals …
Home | NJ ABLE, New Jersey Launches NJ ABLE Accounts to Help Individuals …
6/18/2018 · The NJ ABLE accounts can be used to pay for expenses incurred as a result of living with a disability. Qualified expenses include, but are not limited to, education, health and wellness, housing, transportation, legal fees, financial management, job training and support, assistive technology and personal support services.
The NJ ABLE offers a range of investment options to match both your goals and comfort with risk. Fifth Third Bank Checking Option You can even contribute to an FDIC-insured checking account (through Fifth Third Bank, National Association) that lets you withdraw money using a debit card. So you can easily use your funds for everyday expenses.
For more information about NJ ABLE (the Member Plan), call (888) 609-8869, or visit nj.savewithable.com to obtain Plan Disclosure Documents, which include investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before investing.. Before investing in any qualified ABLE program, you should consider whether your home state offers.
The Member Plan is one of the qualified ABLE plans issued by the National ABLE Alliance. Ascensus College Savings Recordkeeping Services, LLC, the Program Manager, and its affiliates have overall responsibility for the day-to-day operations, including investment advisory, recordkeeping and administrative services.
