ABLE Accounts: Help Individuals With Disabilities Save Tax-Free

The ABLE Act recognizes the significant costs of living with a disability. Individual ABLE accounts allow eligible individuals the opportunity to save money and fund a variety of qualified disability expenses without endangering other benefits. This may help provide more financial flexibility and security for the many challenges faced by those with disabilities.

Key Steps To Withdraw Funds From A 529 Plan

Withdrawing funds from a 529 plan may seem simple enough, but once you have entered the “withdrawal phase”, you need a plan of action before you pay that first tuition bill. Knowing the key steps and tax-planning issues to watch out for are essential to maximize the effectiveness of your 529 plan.