News and Updates from the Illinois State Treasurer's ABLE Plan
What you need to know
On November 20, 2022, the IL ABLE Plan will roll out Plan changes to conform to the Internal Revenue Service’s rules for ABLE programs. Here are some important things you need to know:
Read More “IL ABLE Rolls Out Important Changes on November 20 “
Dear Account Owners and their supporters,
Thanksgiving is upon us and we at IL ABLE want to say Thank You to all of the Account Owners (and their Authorized Individuals) who save and invest with IL ABLE Accounts.
IL ABLE Accounts Have Lower Fees!
Great news! While costs on so many things seem to be going up, fees on your IL ABLE account have gone down!
Annual Account Maintenance fees were recently lowered nearly 25 percent from $45.00 to $34.00 if you receive e-delivery notification that the Account’s quarterly statements are ready for viewing. The Annual Account Maintenance fee for paper statements was reduced from $60.00 to $59.00. The reduced fees, which are assessed quarterly, will be reflected on your October quarterly statement.
Learn how IL ABLE accounts can help you achieve your long-term financial goals
August is “ABLE to Save Month”, a time for people with disabilities and their families to learn about IL ABLE accounts and how they can be an important resource to help increase financial well-being.
Your IL ABLE account can help you make the most out of summer
Summer has arrived and with it, endless possibilities for summer fun! While the warm weather can mean free time outside, a lot of activities will cost money. Whether you will be spending time at your local pool, taking a family road trip to see friends, camping at your favorite state park, or going to summer camp your IL ABLE account may be able to be used to cover these expenses and help you make the most of your summer.
Learn how ABLE to Work can work for you
IL ABLE accounts offer many benefits. ABLE to Work is one of them. Account Owners who work and earn money can contribute more than the annual $16, 000 contribution limit. That means more savings.
Banking and bill-paying is so much easier when you can do it from home. You can easily set up online contributions and withdrawals, by taking advantage of the online options offered by IL ABLE.
Go online with Contributions and Withdrawals
Read More “Make It Easier to Contribute and Withdraw IL ABLE Funds by Going Online.”
Go online with IL ABLE – it’s easy!
Many of us are doing our banking and bill-paying from the comfort of home these days. Now is a good time for IL ABLE account owners to make sure that you are taking full advantage of the online options offered to you by IL ABLE.