Very Sent from my iPhone > On Jan 15, 2015, at 11:41 AM, Melanie Knapp (Redacted sender "rmkrn1@xxxxxxx" > for DMARC) <dmarc-noreply@xxxxxxxxxxxxx> wrote: > > Thank you for sending. Sounds like this is a good thing > Melanie > > Sent from my iPhone > >> On Jan 15, 2015, at 11:14 AM, paul welch <pwelch@xxxxxxxxxxxxx> wrote: >> >> >> >> Sent from my iPhone >> >> Begin forwarded message: >> >>> From: "Kenneth Semien, Sr." <semien@xxxxxxxxxxxxx> >>> Date: January 15, 2015 at 2:29:18 AM CST >>> To: AVIT <alliancevit@xxxxxxxxxxxxxxxx> >>> Subject: [AVIT] Legislative Update: En-ABLE-ing Better Financial Planning >>> for Families >>> >>> En-ABLE-ing Better Financial Planning for Families >>> On December 19th, the President signed into law the Achieving a Better Life >>> Experience (ABLE) Act, aimed at reducing financial burdens for people with >>> disabilities and their families by providing them access to tax-saving 529 >>> Education Savings Plans, called 529-ABLE Accounts. While there will be a >>> delay while each state sets up and begins to operate these accounts, the >>> passage of the Act means that soon people with disabilities and their >>> families will be able to set aside funds(up to $14,000 per year) >>> for disability-related expenses to supplement insurance and other benefits. >>> Importantly, money set aside in these funds, up to $100,000, will be >>> excluded from the income and assets calculations which are used >>> to determine eligibility for federal benefits such as SSI. Also, Medicaid >>> benefits eligibility will not be impacted by funds saved in an ABLE >>> account. States will have to determine asset/income eligibility with >>> respect to ABLE Accounts for other state benefits which do not include >>> federal funds. Eligible individuals must have a condition that occurred >>> before age 26. We strongly encourage people who are blind/visually impaired >>> and families of children who are blind/visually impaired to >>> consult their tax advisers about the financial planning benefits and >>> implications of the ABLE Act and 529-ABLE Accounts. Stay tuned to AFB’s >>> Policy Center and FamilyConnect for future updates on this and other >>> important topics for families! >>> >>> Read the text of the ABLE Act. >>> Questions? Email Rebecca Sheffield, Senior Policy Researcher, at >>> rsheffield@xxxxxxx >>> >>> You can unsubscribe at any time. To remove your name from this mailing >>> list, or to find out what other newsletters are available from >>> AFB, visit http://www.afb.org/myafbnewsletter.aspx. >>> >>> >>> >>> -- >>> To learn more about AVIT, visit the AVIT website: alliancevitexans.org >>> --- >>> You received this message because you are subscribed to the Google Groups >>> "Alliance of and for Visually Impaired Texans (AVIT)" group. >>> To unsubscribe from this group and stop receiving emails from it, send an >>> email to alliancevit+unsubscribe@xxxxxxxxxxxxxxxx. >>> To post to this group, send email to alliancevit@xxxxxxxxxxxxxxxx. >>> For more options, visit https://groups.google.com/d/optout.