Washington State ABLE Savings Program Presentation

This document is a presentation about the Washington State ABLE Savings Program, which is designed for individuals with disabilities to manage their finances without losing eligibility for state or federal benefits. It outlines the eligibility criteria for opening an ABLE account, which includes individuals with disabilities that began before age 26 and those entitled to Supplemental Security Income (SSI) or Social Security Disability Insurance (SSDI). The presentation details the contributions allowed, including an annual limit of $19,000 and additional contributions for employed beneficiaries. It also explains the investment options available, account costs, and the types of qualified disability expenses that can be covered by withdrawals. Furthermore, it discusses the implications of non-qualified withdrawals and the process for transferring funds upon the beneficiary's passing. The document serves as a resource for individuals and families navigating the complexities of financial planning for disabilities.