Making Cents of ABLE Accounts
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The #1 Reason to Have an ABLE Account
There are a number of good reasons to have an ABLE account but the number one reason is not so obvious unless you have been receiving SSI for a number of months or years. A couple of good reasons to have an ABLE account are built into the description of an ABLE account, “a tax…
ABLE Program Performance (2016 – 2024)
Update Jan 2025 – During 2024 we saw a couple of ABLE programs modify their investment choices making their most aggressive category have higher return results (improving performance). The Louisiana state ABLE program, which now offers the Vanguard Growth Index Inst. (VIGIX) fund easily outpaces all other state ABLE programs for performance, however, that state…
ABLE Program Performance (2016 – 2023)
Update April 2024 – Some new leaders emerge because of changes that some state programs made in structuring their ABLE program including what they offer for investment choices (Louisiana and California among others). Two states created their own stand alone programs (New York and Colorado) and also updated their investment choices to be more aggressive…
ABLE Program Performance (2016 – 2022)
As we end 2022 we take the opportunity to evaluate each ABLE program’s performance. The market was down for the year so ABLE account investments will follow that trend as well. The Leading ABLE Programs from Past Performance (2016 – 2022) Lets get straight to the results. You can read further if you want the…
How to Select a State ABLE Program (Part 1) – Only 8 Programs to Evaluate – pre 2023
Updated April 2024: Some of the state ABLE programs have changed so this page has been replaced with an updated page. Now there are 9 unique State ABLE Programs. I was in a meeting years ago where a visiting economic professor from Russia expressed being overwhelmed when visiting a local American grocery store for the…
ABLE Program Performance Comparison (2016 – 2021)
As I shared in “How to Select a State ABLE Program (Part 2) – Top 5 Deciding Features“, performance of your investment account is the most important feature of wanting to invest money and have it grow and be available for future disability expenses. The most significant difference between state ABLE programs is how fast…
How to Use an ABLE Account with a Bank Account
An ABLE account is similar to a bank savings account in that it can be used for saving excess funds. In addition, the funds in an ABLE account can be invested and the earnings grow tax free. Typical Checking and Savings Bank Accounts A typical way to save and manage money is to have both…