ABLEnow account owners who want to save more have something to celebrate. The total annual contribution limit to an ABLE account increases to $18,000 in 2024.
Thanks to the ABLE to Work Act, working account owners who do not participate in an employer-sponsored retirement plan may be eligible to contribute above this annual ABLE contribution limit.
Now is an ideal time to review your finances, evaluate your budget and make changes for the year ahead. With ABLEnow, meeting your savings goals may be easier than you think.
Ready to start?
Opening an ABLEnow account can be an important step in self-determination and financial independence. Eligible individuals can save and invest in a tax-advantaged ABLEnow account without impacting most means-tested benefits that assist individuals with income, health care and food and housing. Start today and consider one resolution complete.
Want to increase your savings?
Here are three tips to grow your ABLEnow account in 2024:
- Set up automatic contributions: Reach your goals faster and put your savings on autopilot with regular contributions.
- Ask family and friends for gift contributions: Anyone can contribute to an ABLEnow account. Set a savings goal and ask family and friends to help. Learn more about gift contributions.
- Download the ABLEnow mobile app: Convenient access to your ABLEnow account makes it easy to monitor your progress and stay on top of your finances. It’s available at the Apple App Store and Google Play.
Achieve your goals and maximize the benefits of your account. Saving with ABLEnow today can make a big impact on your financial future.