This post is part of an informational series about ABLE accounts, which are available in Massachusetts as a result of the passage of the Autism Omnibus Act, in which MAC played a leading advocacy role. The content in this series is provided by Fidelity Investments via a collaboration between MAC and Fidelity.*
You Could Be Eligible for an ABLE Savings Account
Save for your long and short term expenses the tax‐advantaged way with an ABLE savings account. Select from professionally managed investment portfolios and your savings could grow tax‐deferred. Individuals with a disability who have been diagnosed before the age of 26 can open an account without affecting certain Federal benefits they might already receive. If the account owner is a minor or is unable or chooses not to manage the account, a person with signature authority (PSA) may be designated on the account.
Learn more about eligibility guidelines for saving with the Attainable Savings Plan, offered by MEFA, managed by Fidelity at www.Fidelity.com/Attainable.