HOW TO MAKE THE MOST OF AN ABLE ACCOUNT

HELP AVOIDING THE BENEFITS CLIFF 

Even if you don’t have the financial resources to save for big-ticket items, ABLE accounts can still be a useful option. 

Gayle Stanford says that family and friends can make gift contributions into your ABLE account. 

Similarly, if you ever raise money through crowdsourcing, you could put those funds into an ABLE account to save or grow them further.  

Presently, 46 states and the District of Columbia offer ABLE accounts to their residents. 

If you live in one of the four states that don’t have ABLE programs — Idaho, North Dakota, South Dakota and Wisconsin — you can still open an account through any of the 30 states that have programs available to outside residents.