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Tuesday
Feb032015

New Savings Plans for Disabled

DateTuesday, February 3, 2015 at 11:23AM by AuthorBanking Spectrum

The US Congress passed the ABLE Act in December, which created a 529A account to provide tax advantaged benefits for disabled individuals. The 529A is a special savings account for disabled people and families with children who have special needs. The funds can be invested and grow tax-free. Stay tuned for rules to be finalized and states to roll out the plans. 

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