HELP AVOIDING THE BENEFITS CLIFF
ABLE accounts are structured like individual retirement accounts.
You put money in them after taxes, and don’t have to pay taxes on any investment profits.
Dante Allen is a wheelchair user and the executive director of the board at California Achieving a Better Life Experience, the organization that runs California’s ABLE program.
Through CalABLE, Allen owns an ABLE account and sees
it as a useful financial tool, even though he has a good job and does not
qualify for government benefits.
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