Mississippi ABLE launches savings program for disabled

[TexasTowelie]

TUPELO • A new program is opening the door for people with disabilities and their families to save for the future.

This week, the Mississippi ABLE program launched across the state. Similar to a 529 educational savings account, the ABLE account will allow people with disabilities and their families to set aside funds without jeopardizing Social Security and Medicaid benefits. The funds can grow tax-free as long as they are used for disability-related expenses.

Dee Crowe, 19, a Tupelo High School student, signed up with his mom Janna Crowe on Tuesday.

“It’s the first time we’ve been able to save for him for the future,” Crowe said. “We want him to be able to live as independently as possible and hopefully have a job.”

Read more: https://www.djournal.com/news/local/mississippi-able-launches-savings-program-for-disabled/article_c806c2fe-61a3-5c2f-8e4b-7d663b4d3e98.html

[Ilsa]

1. Another way around it is to set up a trust,

But a lawyer who knows disability law needs to do it, therefore, it's another expense.

Keeping disabled people broke hurts their quality of life, or makes them financially reliant on someone who may resent them.

[kimbutgar]

2. They are doing this in California, now seems someone in Mississippi liked the idea

Especially those who are rich.