Investment Options
Grow your savings tax-free.
There are five investment options to help you meet your savings goals while not impacting your means-tested benefits.
Target risk Portfolios
Aggressive Growth Portfolio
The Aggressive Growth Portfolio maintains a target asset allocation of 80% equity, 20% fixed income. The target asset allocations are comprised of Vanguard’s Total Stock Market Index, Total Bond Market Index, Total International Stock Index, and Total International Bond Index Funds.
Moderate Growth Portfolio
The Moderate Growth Portfolio maintains a target asset allocation of 60% equity, 40% fixed income. The target asset allocations are comprised of Vanguard’s Total Stock Market Index, Total Bond Market Index, Total International Stock Index, and Total International Bond Index Funds.
Conservative Income Portfolio
The Conservative Income Portfolio maintains a target asset allocation of 20% equity, 80% fixed income. The target asset allocations are comprised of Vanguard’s Total Stock Market Index, Total Bond Market Index, Total International Stock Index, and Total International Bond Index Funds.
Principal protected accounts
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
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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Open an AccountInvestment options FAQs
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If you’ve chosen the Checking Account option, you’ll receive a debit card in 10-14 business days. Remember, the debit card is mailed from Fifth Third Bank, the banking partner of ABLEnow. Debit cards are only available to those who have selected the Checking Account as an investment option.
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Details on ABLEnow investment objectives, guidelines and performance standards are available in the Statement of Investment Policy and Guidelines (pdf).
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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.
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Yes, federal rules allow Account Owners to change investment selections two (2) times per calendar year.
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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.
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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.
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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.
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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.
