It’s a great time to review your investment selections
Do your investment selections align with your goals? Spring is a great time to review your IL ABLE Account investment option selections. IL ABLE now offers eight Investment Options – seven Asset Allocation Options and the Checking Account Option.
- The Asset Allocation Options range from aggressive to conservative and now a new Money Market Option was that added to the IL ABLE Investment Option line-up last December, which seeks to provide current income along with the preservation of principal.
- The Checking Account Option is FDIC-insured and comes with an optional real-time debit-card and access to more than 40,000 fee-free ATMs.
You are able to move Account assets from one Investment Option to another up to two times per calendar year. And you may change the allocation of future contributions at any time.
You can learn more about the Investment Options at illinoisable.com and read the Plan Disclosure Booklet.
New to investing? Boost your financial literacy with these resources:
- What Type of Investor Are You? Learn about risk, risk tolerance and planning for when you need to use your money.
- The FinWell Hub: FinWell Hub provides budgeting tools and courses on a wide range of topics to help create a plan that supports financial needs and goals.
- National Disability Institute: National Disability Institute (NDI) provides a breadth of resources such as articles, financial assessments, financial education curriculums, toolkits, and webinars to educate and empower people with disabilities to develop strong financial wellness.
Read more on financial literacy in in this accessABLE post.