Harnessing the power of an MN ABLE account offers individuals with disabilities a pathway to financial stability and independence. Designed to promote greater self-sufficiency, these accounts provide a safe and effective way to save and invest for the future.
Benefit | Impact |
---|---|
Tax-free growth | Compounded returns over time |
Tax-free withdrawals | Expanded access to essential expenses |
No income/asset limits | Greater financial flexibility |
Federal matching funds | Enhanced savings opportunities |
To qualify for an MN ABLE account, individuals must meet certain eligibility criteria, such as having a qualifying disability onset before age 26. Contribution limits vary depending on the account type, but individuals can generally contribute up to $15,000 per year with additional catch-up contributions allowed for those over 50.
Eligibility Criteria | Contribution Limits |
---|---|
Disability onset before age 26 | $15,000 per year |
Age 65 or older | $15,000 per year |
Catch-up contributions (over 50) | $6,500 per year |
Unlock the potential of an MN ABLE account today and empower yourself with financial security. Contact us to learn more and open your account. By taking this step, you'll gain access to a wide range of benefits that can transform your financial future. Don't hesitate, act now and secure your financial well-being!
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