People with disabilities can save for college, life expenses with new Washington state savings plan

Washington State is pioneering savings accounts for people with disabilities that won't penalize them for saving for financial stability by barring them from essential federal aid programs. The accounts are tax-free and allow participants to save at least $15,000 a year, which can be withdrawn at any time or saved until retirement, with some limitations to who is eligible for the account. As word of the ABLE Savings Plan spreads, the self-supporting program is helping ensure that people with disabilities are not relegated to living in destitution to qualify for federal benefits.

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