Newly expanded ABLE accounts create 'powerful retirement' tool for millions of disabled Americans

A little background: These tax-advantaged accounts were created via the Achieving a Better Life Experience (ABLE) Act of 2014. The aim was to allow individuals with disabilities to save and invest without losing eligibility for benefits like Social Security Disability Insurance (SSDI), Supplemental Security Income (SSI), and Medicaid.The average ABLE account balance at Vestwell is roughly $13,000, and some accounts top $300,000, per Crist. Investment options run from an all-equity fund to an all-cash saving ...