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Illinois ABLE News & Updates

News and Updates from the Illinois State Treasurer's ABLE Plan

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Category: Account Management

Account Management/Events/Investing Basics

August is ABLE to Save Month

August 20, 2022August 19, 2022 illinoistreasurer

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. 

Read More “August is ABLE to Save Month“

ABLE Facts/Account Management/Disability Expenses

Summer Fun is Within Reach

June 18, 2022June 30, 2022 illinoistreasurer

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.

Read More “Summer Fun is Within Reach”

ABLE Facts/Account Management/Employment/Uncategorized

Save More with ABLE to Work

May 20, 2022June 30, 2022 illinoistreasurer

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.

Read More “Save More with ABLE to Work”

Account Management

Make It Easier to Contribute and Withdraw IL ABLE Funds by Going Online.

December 19, 2020December 19, 2020 illinoistreasurer

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.”

Account Management

Managing Your IL ABLE Account from Home

June 20, 2020 illinoistreasurer

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.

Read More “Managing Your IL ABLE Account from Home”

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The Illinois Achieving a Better Life Experience (“IL ABLE”) plan is sponsored by the State of Illinois and administered by the Office of the Illinois State Treasurer (“Treasurer”). IL ABLE is designed to be a qualified ABLE plan offered as part of the National ABLE Alliance. Ascensus College Savings Recordkeeping Services, LLC, the Program Manager, and its affiliates, have overall responsibility for the day-to-day operations, including investment advisory, recordkeeping, and administrative services for the IL ABLE plan.

Accounts in the IL ABLE plan are not guaranteed or insured by the State of Illinois, the Treasurer, the Trust, IL ABLE, the Program Manager, or any other entity (except as provided in the Plan Disclosure Booklet solely with respect to the FDIC-insured Checking Account Option). An Account Owner could lose money by investing in the IL ABLE plan. The Checking Account Option offers FDIC insurance up to $250,000, subject to certain restrictions. Interests in IL ABLE are municipal securities and the value of the account will vary with market conditions and the performance of the investment options you choose.

An investor should consider investment objectives, as well as the risks, charges, and expenses associated with an investment in the IL ABLE plan before investing. This and other important information are contained in the Plan Disclosure Booklet, which can be obtained at http://illinoisable.com or by calling (888) 609-8683.  You should carefully read the Plan Disclosure Booklet before investing.

Account Owners assume all investment risks as well as responsibility for any federal and state tax consequences. Participation in the IL ABLE plan does not guarantee that contributions and the investment return on contributions, if any, will be adequate to cover Qualified Disability Expenses or that an Account Owner is eligible to participate in the IL ABLE plan.

Before investing in any ABLE plan, you should consider whether the state in which you reside and/or pay taxes offers an ABLE plan with favorable state tax incentives or other benefits that are only available through investment in that state’s ABLE plan. You also should consult your financial, tax, or other adviser to learn more about how state-based benefits, or any limitations, would apply to your specific circumstances.

This material is provided for general and educational purposes only, and is not intended to provide legal, tax, or investment advice or for use to avoid penalties that may be imposed under federal or state tax laws. This material is not an offer to sell or a solicitation of an offer to buy any securities.

Testimonials may not be representative of the experience of other customers as past performance or success is not a guarantee of future performance or success.

Capitalized terms not otherwise defined in this material have the meaning attributed to them in the Plan Disclosure Booklet.

Information subject to change without prior notice.

Investments are not FDIC-Insured (except for the Checking Account Option). No Bank, State, or Federal Guarantee.  May Lose Value.

2023 Illinois ABLE News & Updates
 

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