Attaining financial security poses unique challenges for individuals with disabilities. ABLE United, Florida’s ABLE (Achieving a Better Life Experience) program, empowers over 10,000 Floridians to save and invest while maintaining their public benefits.
Interested in how ABLE United can help you achieve your financial goals? Read on for inspiring success stories and a breakdown of the program’s benefits.
Defying Expectations:
Around 12 years ago, Spencer was injured in an armed robbery at a gas station, which left him quadriplegic. Despite these challenges, Spencer has never allowed his disabilities to limit him.
In 2018, Spencer opened his ABLE United account, allowing him to pursue his dream of starting his own travel business without jeopardizing his benefits.
Breaking Barriers:
Born with spina bifida, Cody (pictured above) was determined to achieve personal and financial independence. After opening her ABLE United account, Cody was able to buy a car and became her family’s first college graduate. Her next goal? Saving to buy her first home.
The Benefits of ABLE United
- Tax Advantages: Enjoy tax-free growth on earnings in ABLE accounts, and withdraw funds tax-free for qualified disability expenses. This maximizes your savings for improving your quality of life.
- Increased Savings Potential: Save up to $18,000 annually with ABLE United while maintaining eligibility for public benefits.
- Financial Flexibility: Use funds from your ABLE account for various expenses, such as education, housing, transportation, and health care. This flexibility lets you address immediate needs while planning for the future.
- Accessibility: ABLE United features no monthly fees and allows contributions as low as $5 per month, ensuring accessibility for individuals and families of all income levels. This inclusive approach enables more people to benefit from the program’s advantages.
Curious how much you could save with an ABLE United account?
Use our Savings Calculator to explore your potential savings today!
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