When ABLE accounts became a reality five years ago, it expanded the opportunities for individuals with disabilities by offering a smarter, safer way to save tax-free while maintaining the important benefits they may rely on.
To highlight World Financial Planning Day on October 6, we are launching the Five Ways to Plan with ABLE United campaign to encourage individuals to start planning – even when life is uncertain, you can be in control of your financial future.
With ABLE United, individuals can better plan for their future in five easy ways:
1. Open an account
We collaborate with Sumday Administration, LLC to give you a secure online way to open and manage your ABLE United account. Sumday is owned by BNY Mellon, one of the world’s largest financial institutions, and its core mission is to improve lives through investing.
2. Set a savings goal
Once your account is established, set the optional annual contribution goal for the account. We encourage individuals not to skip this step – and instead, really take the time to think about what they want to save for or how they plan on using their ABLE account.
3. Understand the investment options
You can decide to invest your money in a pre-designed portfolio (conservative, moderate, or growth) or you can build your own with any combination of predesigned portfolios, a money market fund, U.S. or international stock funds, U.S. bond fund, or the FDIC savings fund.
4. Set up a gifting page
It is now easier than ever for others to contribute to an individual’s ABLE United account with the enhancement of the ABLE United gifting page. Funds may be contributed via electronic transfer from a bank account OR a debit card (for a nominal fee).
5. Enroll in the ABLE Prepaid card
With the introduction of the new ABLE Visa® Prepaid Card, ABLE United account holders can start swiping and instantly access funds to be used online, in stores – or anywhere nationwide that accepts Visa debit cards.
As an added incentive to complete the first item on the list, from September 1 to October 13, when an individual completes enrollment online and contributes at least $25, they will receive a FREE $50 contribution into their new ABLE account.
Already have an ABLE United account? We want to hear from you!
How are you planning for the future? Share your story with us by dropping us a line at email@example.com with subject line “My Planning Process.”
Enroll in an ABLE United account between September 1, 2021 and October 13, 2021 on ableunited.com, and you will receive a $50 contribution into your new ABLE United account. This offer only applies to new accounts for beneficiaries who have not had an account with ABLE United previously and are opened between September 1, 2021 and October 13, 2021. Funds earned will be deposited directly into your ABLE United account 6-12 weeks after the promotion ends. ABLE United is a savings and investment plan that may be used to set aside funds for qualified disability expenses. Funds may be used tax-free to pay for any qualified disability expense. This promotion is limited to the first 1,000 accounts. ABLE United reserves the right at its sole discretion to disqualify any individual it finds to be in violation of the guidelines or any laws, or to be attempting to undermine the legitimate operation of the promotion by cheating, hacking, deception, or any other unfair practices. Please review the Program Description and Participation Agreement before opening an account.