Grow your savings tax-free
Select investment options that reflect your goals, timeline and risk tolerance. ABLEnow lets you invest without impacting certain means-tested benefits.
Aggressive Growth Portfolio
The Aggressive Growth Portfolio maintains a target asset allocation of 80% equity, 20% fixed income. The target asset allocation classes are comprised of Vanguard’s Total Stock Market Index (VSMPX), Total Bond Market Index (VBMPX), Total International Stock Index (VTPSX), and Total International Bond Index (VTIFX) Funds.
Moderate Growth Portfolio
The Moderate Growth Portfolio maintains a target asset allocation of 60% equity, 40% fixed income. The target asset allocation classes are comprised of Vanguard’s Total Stock Market Index (VSMPX), Total Bond Market Index (VBMPX), Total International Stock Index (VTPSX), and Total International Bond Index (VTIFX) Funds.
Conservative Income Portfolio
The Conservative Income Portfolio maintains a target asset allocation of 20% equity, 80% fixed income. The target asset allocation classes are comprised of Vanguard’s Total Stock Market Index (VSMPX), Total Bond Market Index (VBMPX), Total International Stock Index (VTPSX), and Total International Bond Index (VTIFX) Funds.
FDIC Insured Savings
The FDIC Insured Savings Account invests 100% of its assets into interest bearing deposit accounts at a bank. Specifically, the Portfolio invests in omnibus deposit accounts at Atlantic Union Bank.
Checking Account
The Checking Account invests 100% of its assets in FDIC-insured checking accounts held at Fifth Third Bank for the exclusive benefit of Account Owners utilizing the Checking Account.
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Investment options FAQs
ABLEnow Account Owners may choose from three target-risk investment portfolios, an FDIC-insured savings account, or a checking account with a debit card. You may invest in one option or allocate funds among the portfolios offered.
Each option is designed to address different goals, time horizons and risk tolerances:
- Aggressive Growth
- Moderate Growth
- Conservative Income
- FDIC-Insured Savings Account
- Checking Account
View details on the Investment Options page.
A target-risk portfolio is a type of mutual fund that holds a diversified mix of stocks, bonds and other investments designed to match a specific level of risk. Investors select a portfolio based on their time horizon and risk tolerance, such as conservative, moderate or aggressive.
Target-risk portfolios are professionally managed to maintain their intended risk level over time. It’s good practice to periodically review your investment choices and adjust them if your time horizon, risk tolerance or goals change.
The FDIC-Insured Savings account option deposits funds in a bank account insured by the Federal Deposit Insurance Corporation (FDIC). This option is designed for Account Owners who prefer to keep their savings in a stable account rather than invest in the market.
Balances in the FDIC-Insured Savings account earn interest and are insured by the Federal Deposit Insurance Corporation (FDIC) up to the applicable federal limits. Unlike investment portfolios, the value of the savings account does not fluctuate with market performance.
Account Owners or their Authorized Representative can set up an investment profile and choose their funds through the online account portal. Click “Accounts” in the top navigation bar. If you have not yet established your investment selections, you will see the “Investment Account Setup” button. Click this button for a step-by-step guide.
The Checking Account option provides convenient access to funds for everyday expenses. Offered through Fifth Third Bank, N.A., this option allows Account Owners to use a debit card and make cash withdrawals.
Balances in the Checking Account earn interest and are insured by the Federal Deposit Insurance Corporation (FDIC) up to the applicable federal limits. Account Owners can monitor account activity online and receive alerts, providing flexibility and control while continuing to save for the future.
Yes, federal rules allow Account Owners to change investment selections two (2) times per calendar year.
A Systematic Exchange Program (SEP) allows Account Owners to move funds automatically on a regular basis from one investment option in their ABLEnow account to one or more other investment options. This approach allows contributions or existing balances to be invested gradually over time rather than all at once.
When established at account opening or with new contributions, a Systematic Exchange Program does not count toward the two allowed exchanges per calendar year. The Systematic Exchange Program does not eliminate investment risks and does not guarantee a profit or protect against loss.
Details on ABLEnow investment objectives, guidelines and performance standards are available in the Statement of Investment Policy and Guidelines (pdf).
