Should you Transfer 529 Plan Funds to an ABLE Account?
Things to consider when deciding whether to transfer money from a 529 plan to an ABLE Account.
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Law Office of
Eric M. Kearney, LLC
Guardianship | Medicaid | Special Needs
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Eric Kearney
- Jun 4, 2019
- 2 min
Gift Cards: A New Way to Contribute to ABLE Accounts
A Gift of Independence gift card is a new way to honor, celebrate, reward or support a member of your family, a friend, a co-worker or a nei
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Eric Kearney
- May 4, 2019
- 1 min
HUD Publishes Letter Regarding ABLE Accounts
At long last, HUD has published a letter confirming that ABLE Accounts (and money coming in and out of them) will not adversely affect...
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Eric Kearney
- Feb 1, 2019
- 2 min
What is an ABLE Account?
An introduction to ABLE Accounts - what they are and how they can be used to help improve the lives of people receiving means-tested benefit
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erickearney
- Apr 3, 2018
- 1 min
Social Security Administration Updates SSI Resource List to Include SNTs and ABLE Accounts
The Social Security Administration’s Understanding Supplemental Security Income (SSI) website is a recently updated reference for...
55 views0 comments
Eric Kearney
- Mar 8, 2018
- 2 min
New Guidance on ABLE Accounts
New POMS regarding ABLE accounts have come out and can be found here: https://secure.ssa.gov/poms.nsf/lnx/0501130740 Below is an excerpt...
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Eric Kearney
- Jan 3, 2018
- 2 min
New Tax Law Makes Changes to ABLE Accounts
Families taking advantage of ABLE savings accounts will have a little more flexibility in planning for special needs as a result of the...
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Eric Kearney
- Nov 3, 2017
- 2 min
ABLE account aggregate annual contribution raised to $15,000 nationally
The IRS has confirmed an increase to Section 2503, the federal gift tax exclusion. Section 529A(a)(2) of the Stephen Beck Jr. Achieving a Be
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erickearney
- Oct 8, 2017
- 2 min
Impact of ABLE Funds on Needs-Based Public Assistance - HUD
The ABLE Act explicitly addresses how funds in an ABLE account impact SSI and Medicaid eligibility, but what about HUD? Even though...
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erickearney
- Oct 8, 2017
- 2 min
What Expenses Can ABLE Accounts Pay For?
In passing the Achieving a Better Life Experience (ABLE) Act in 2014, Congress created a new way for potentially millions of people with...
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Eric Kearney
- Sep 13, 2017
- 1 min
CMS Guidance on ABLE Accounts
At long last the Centers for Medicare & Medicaid Services (CMS) had provided guidance to states on how to treat “ABLE” accounts in...
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erickearney
- Aug 3, 2017
- 4 min
Five Practical Uses for an ABLE Account
ABLE accounts, the new tax-free savings accounts for people with disabilities, can be used in many ways to make a big difference to families
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Eric Kearney
- May 23, 2017
- 2 min
Establishing an ABLE Account
If you or a family member are disabled (per social security standards) and the onset of the disability was prior to the age of 26 you may...
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erickearney
- Feb 10, 2017
- 1 min
New USDA Regulation Confirms ABLE Fund Protection
USDA regulation confirms that ABLE account funds will not affect SNAP benefits.
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erickearney
- Dec 6, 2016
- 1 min
Oregon ABLE Account Launched
The Oregon ABLE Account program launched today. Check out the website to learn more about how to incorporate this new tool into your existin
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erickearney
- Nov 28, 2016
- 1 min
More news about Oregon ABLE Accounts
The Lund Report has an article up on their website confirming that Oregon ABLE Savings Accounts will go live on December 6, 2016. Read it he
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erickearney
- Oct 31, 2016
- 1 min
Will ABLE Accounts Affect Section 8 in Oregon?
It seems that ABLE accounts in Oregon will not affect a person's eligibility for Section 8 Benefits.
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erickearney
- Oct 11, 2016
- 1 min
Oregon ABLE Accounts Coming Soon
ABLE accounts are coming soon to Oregon! Oregonians will be able to establish Oregon Able Savings Plan Accounts in early December 2016....
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erickearney
- Oct 1, 2016
- 1 min
ABLE Accounts Now Available in Four States; Three Are Open to Out-of-State Beneficiaries
Two years after the passage of the Achieving a Better Life Experience (ABLE) Act, four states -- Florida, Nebraska, Ohio and Tennessee -–...
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