PRESS RELEASE
Treasurer Fitzpatrick Recognizes Fifth Anniversary of ABLE Act Being Signed into Law
“The ABLE Act laid the important
groundwork for state programs, like MO ABLE, which have been game changers for
individuals with disabilities. By allowing individuals with disabilities to
save for their future without the risk of losing their federal needs-based
benefits and providing tax benefits to parents saving for children with
disabilities, ABLE programs provide financial independence and peace of mind.
This is something we can all champion. I am proud to support MO ABLE every day
here in Missouri and will continue working with our federal delegation to expand
access to this program.” MO ABLE allows individuals with
disabilities and their families to save and invest without the risk of losing
their federal needs-based benefits. Federal and state tax benefits also make
this a valuable tool for eligible participants. Missouri’s MO ABLE program has
over 1200 accounts and more than $5 million in assets under management, making
it one of the largest programs in the country. The program was launched in
April 2017. More information about MO ABLE
can be found at https://www.moable.com/. ### Follow the Treasurer’s Office on Twitter,
Facebook, and Instagram @motreasurer.
