[Jobs] Jobs Digest, Vol 115, Issue 24

Lisa Irving peacefulwoman89 at cox.net
Sun Nov 26 08:55:00 UTC 2017


Hello Laura and all others,

It is my understanding that the qualifications for the ABBLE Account do not include income. Disclaimer the maximum allowable amount in this particular type of account is, I believe, $400,000. You can deposit 14,000, $500 annually without being taxed or penalized if you our and SSI recipient. I establish the account to protect needs -based benefits I receive, which do not include SSI. Also for tax purposes it is a wise idea to place money in and Able Account. Second disclaimer I am not a tax accountant nor am I an expert in the field of Able Account.

From,
Lisa Irving

Voice over was used to compile this message please contact me if you need clarification Sent from my iPhone

On Nov 24, 2017, at 4:00 AM, jobs-request at nfbnet.org wrote:

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Today's Topics:

  1. ABLE Account Question (Laura Rogers)


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Message: 1
Date: Fri, 24 Nov 2017 05:49:13 -0500
From: Laura Rogers <laurarogers2010 at gmail.com>
To: Jobs for the Blind <jobs at nfbnet.org>
Subject: [Jobs] ABLE Account Question
Message-ID:
   <CAJJKKFBjV0Ak52yRj5xN6pktn-xwAzJDEoYKidfZHvmc8HK59A at mail.gmail.com>
Content-Type: text/plain; charset="utf-8"

I'm considering opening an ABLE account, but I'm expecting to lose SSI
within a year or two as my earnings and SSDI benefits increase. What would
happen to an ABLE account when this happens?
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