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State treasurer encourages Iowans with disabilities to save through IAble accounts


State treasurer encourages Iowans with disabilities to save through IAble accounts
Tuesday, May 4, 2021 3:00 PM
State Treasurer Michael Fitzgerald, administrator of Iowa s ABLE plan, IAble, encourages individuals with disabilities to consider saving with the plan, especially if they are earning an income. IAble provides financial security and independence for individuals with disabilities who want to save money and maintain federal benefits, Fitzgerald said. Plus, account owners who are working have additional benefits when saving with the plan. The federal Stephen Beck Jr. Achieving a Better Life Experience (ABLE) Act authorized states to create ABLE programs; Iowa launched its program in January 2017. Under the ABLE to Work Act, eligible working ABLE account owners can contribute more than the $15,000 federal annual contribution limit. Currently, more than 1,070 individuals with disabilities are saving with IAble and $9 million is investe ....

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Opinion: Congress needs to pass act that would allow more people living with disabilities achieve financial stability


Opinion: Congress needs to pass act that would allow more people living with disabilities achieve financial stability
Robert Sprague
When the federal Achieving a Better Life Experience (ABLE) Act passed in 2014, it brought life-changing reforms for many Americans with disabilities and their families. ABLE accounts are breaking down financial barriers, providing greater independence, and allowing eligible individuals to save like never before.
© Submitted
Robert Sprague currently serves as Ohio’s 49th Treasurer of State. As treasurer, he oversees the state’s investment and debt portfolios, domestic and international custody portfolios, and annual cash movements and deposits.
Before the ABLE Act, people with disabilities could only save $2,000 before losing means-tested benefits such as Medicaid or Supplemental Security Income (SSI). Disability-related expenses often pose a significant financial burden to families. The old restrictions a ....

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