News and Updates from the Illinois State Treasurer's ABLE Plan
Joseph’s family was one of the first to open an Illinois ABLE account two years ago. His mom shared her experience with accessABLE to help teach other families who have children with disabilities about Illinois ABLE accounts. Here is her story of how Illinois ABLE is helping her prepare her son for a bright financial future.
Read More “I Really Appreciate the Illinois ABLE Account for My Son”
Would the families that you serve benefit from an ABLE presentation? ABLE staff at the treasurer’s office can attend your event or give a presentation.
When you open your Illinois ABLE account, you will be able to choose the investment options that meet your needs. When you invest, you make choices about what to do with your money and investment risk is something to know about as you decide.
You will lose your benefits if you have an Illinois ABLE account?
As an Illinois ABLE account owner, you can select from six investment options based on your needs and goals, in addition to an optional checking account. Your Illinois ABLE account gives you the flexibility to select the option that makes the most sense to you. The ABLE checking account option can be used for ongoing expenses that require easy access to funds, such as weekly therapy appointments.
Read More “What Disability Expenses Do You Want to Save For?”
An Illinois ABLE account means greater independence for people with disabilities. How?
Read More “Three Ways an Illinois ABLE Account Can Help You Build Your Independence”
Invest in your future and save up to $100,000 without losing your SSI monthly benefits. With Illinois ABLE, you can save and invest your own money. You can pay for the expenses that are part of living with a disability. That includes things like taking lessons to learn a new skill. If you work, you can save money from your job without worrying about the $2000 asset limit. Most importantly, with Illinois ABLE you can gain some control and independence for your life! For more information, or to enroll, visit IllinoisABLE.com.
It’s graduation season! ABLE account owner Tim shares his plans and dreams after graduating in May from Edgewood College and the Cutting-Edge Program in Madison, Wisconsin.
Many people have asked, “Why should I open an ABLE account?” Instead of hearing the answer from us at the State Treasurer’s Office, we went straight to Illinois ABLE account owner Julia, and her mom Janet.
I cannot open an ABLE account if I am older than age 26.