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14 Million Americans Could Be Using This Powerful, Little-Known Tool to Boost Their Savings. Are You One of Them?

Entrepreneur – Latest·Sherin Shibu·4 days ago
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Key Takeaways Employment among Americans with disabilities has been rising, but many are unaware of ABLE accounts, a tax-advantaged way to save without losing key benefits. ABLE accounts allow eligible people with disabilities to save up to $100,000 without jeopardizing eligibility for needs-based programs like Medicaid or Supplemental Security Income. A 2022 law expanded ABLE eligibility so that, as of 2026, people whose disability began at age 46 or younger can qualify, increasing the potential eligible population to about 14 million people. The U.S. workforce is experiencing a shift: Employment among people with disabilities has been steadily climbing in recent years.  According to a recent CNBC report , even as Americans gain jobs and financial independence , millions are missing out on a powerful, little-known tool that could significantly boost their savings: Achieving a Better Life Experience (ABLE) accounts.  ABLE accounts are tax-advantaged savings tools that can be set up by a person with…

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