US EditionBanks, willing and ABLE
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Banks, willing and ABLE
In 2014, Congress passed the Achieving a Better Life Experience, or ABLE, law, which authorizes a savings program designed to help people with disabilities save money without jeopardizing disability payments subject to income caps. Supplemental Security Income and Medicaid, for example, have a $2,000 asset limit. Saving more could mean the curtailment of benefits. ABLE changed that so that participants can tuck away funds to purchase a home or o…
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