Many people are familiar with 529 plans for college savings, but did you know that there is something called a 529A “ABLE” account? These accounts are for beneficiaries who were first disabled prior to the age of 26. Like the 529 college savings account, they allow for tax-free growth and tax-free withdrawals for qualified disability expenses. Our latest blog post comes from kitces.com’s Nerd’s Eye View and is written by guest contributors Andrew Komarow and Elizabeth Yoder.
Learn more about 529A ABLE Accounts by clicking the link below: