News and Updates from the Illinois State Treasurer's ABLE Plan
Did you know that if you are working, your Illinois ABLE account (Achieving a Better Life Experience) can work even harder for you?
That’s right! ABLE account owners who work can contribute even more each year to their Illinois ABLE account without losing federal means-tested benefits.
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.
An Illinois ABLE account means greater independence for people with disabilities. How?
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.
