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ABLE Account Legislative Updates + Q&A
Manage episode 332815547 series 2996118
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We are joined once again by Paul Curley, and he comes bearing NEWS! The ABLE Age Adjustment Act has finally made it into a bill. Now, it just needs to make it into law.
Upping the age of onset of disability from 26 to 46 means about 7 million more people would qualify for ABLE accounts, including one million veterans. A larger pool of eligible account holders means lower fees on ABLE accounts and more bargaining power in Washington for things like removing Medicaid clawback provisions -- in ALL the states.
To help increase the odds that the ABLE Age Adjustment Act passes into law, contact your senators and House representatives.
Also learn about final ABLE rules and regulations, the future of ABLE to Work, and the newest state to open its own ABLE account program.
Paul will also be answering listener questions in an ABLE account Q&A session.
Subscribe to Paul's Newsletter: https://www.529conference.com/newsletter/
Find your senators and representatives: https://tinyurl.com/72vtxjsu
Track the bill that will include the ABLE Age Adjustment Act after Senate updates: https://www.congress.gov/bill/117th-congress/house-bill/2954/text
The latest Senate Finance Committee Meeting, ABLE accounts starting at 1:14:00: https://www.finance.senate.gov/hearings/open-executive-session-to-consider-the-enhancing-american-retirement-now-earn-act
If you want to mention ABLE to Work extension beyond 2025, it's Section 11024 under the Tax Cuts and Jobs Act: https://www.congress.gov/bill/115th-congress/house-bill/1/text
IRS publication 907 for education on ABLE accounts: https://www.irs.gov/forms-pubs/about-publication-907
Compare ABLE Accounts across state lines: https://www.ablenrc.org/compare-states/
CalABLE Youtube Channel: https://www.youtube.com/channel/UCk02cbbE8PCkHATIvrsTfIA
Florida residents get $50 when you open an account with ABLE United: https://www.ableunited.com/
Safety Sleeper: https://safetysleeper.com/mam
Full episode transcript: https://momautismmoney.com/able-legislative-updates
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