This post is part of a campaign in partner with ABLE United, however all opinions are mine.
Today I have tons of information to share with you! Sure the economy of my family is a great responsibility but it is bigger when you have to plan the future of your love ones with disabilities. Because is not about you, is beyond everything else. For instance this is a duty that we have to plan and star executing as soon as we can. This kind of decision may be overwhelming as it can be, lucky us we are not along. Now days we have tools and information to play the “game” like a pro or at least more prepare and aware of the options. I was lucky to attend the webminar that ABLE United offer some weeks ago. It was very informative and easy to understand in fact I have a bunch of tips I want to share with you. And even most important we have a spring Giveaway as ABLE United will grant $250 toward the account of a winner! Take action and open an account this month.
First of all Who can open a ABLE United Account for save or invest money?
- Any person who reside in Florida State at the time of the application and has a qualifying disability (means someone that is entitle to received Social security benefits) onset prior of age of 26.
- There are other national programs that also comply with the federal regulation.
How to open and account?
- Open and account online is easy, no documents or approval prosses.
Advantage of investing with ABLE United
- With this investment account you can save up to $15,000 a year and anyone can contribute.
- You can choose from 7 investment options predesign and costume portfolios
- You can withdraw any time for any reason
- No tax is issue for qualified expenses.
So I guess the big question is what happen if I am receiving my SSI benefits? No worries, with ABLE United you will not loose your benefits. In fact the withdraws (or founds) you may do from your account do not count as a resource or income. And will no keep you from received your Suplemental Security Income.
- First $100.000 will not count as a resource.
- Housing and no- qualify expenses withdraw but not spend in the same month are count as a resource.
In the other hand this webinar start from the beginning:
What is an investing? Investing means basically when you put your money toward something expecting a bigger return. There is to main ways to do this, either purchase something (ownership) or loan money. If you buy a share or stock you are entitle to a piece of the profit of the a company or corporation. If you get bonds your are lending your money to the government or to a group of investors expecting a percentage in return in a determinate amount of time. With ABLE United you invest in a basquet of US companies. Wich implies less risk.
What means compounding?
Compounding is the ability of an asset to generate earnings, which are then reinvested in order to generate their own earnings. Per example think that you invest $10,000 in a year at the end of the year your investment have grow to a 12,000 the following year you inver those $12,000 and they will grow even more. The key in this strategy is to start to invest as soon as you can so you can take advantage and earn a greater returns.
Now if we can have an idea on how is to invest with ABLE United is important to know that they provide different options. while you may consider yourself that you can take a great risk or if you are more conservative ABLE have 7 investing options and 3 pre made portfolios design to meet the needs of most investors.
With all this information you may still wonder: How to decide on what investment option(s) is best for you or you child. Or How much invest? Right? Well they did cover this question and they recommended:
There is “not one” size fits all
- Consult with a financial adviser.
- Define the purpose of the account.
- Determine your risk tolerance.
- Choose your pre design portfolio or build your own.
- Review your performance with an advisor annually.
There is a lot more info!
If you missed the webminar, there is still an opportunity for you to learn how you can save tax-free and invest for you or your loved one’s future, click here to view the recorded webinar. This webinar featured representatives from Callan, ABLE United’s investment consultants, who helped prospective account holders understand investing, risk, performance, and the differences between each of ABLE United’s investment options.
Asset thresholds no longer a barrier, so open up your account and start saving for a better future.
Open your account by May 31, 2018, and you could be the one lucky winner to receive a $250 account contribution from ABLE United! To get started, click here – and make sure to use “MAMAESPECIAL17” upon sign-up to also receive a free enrollment package.
If you have any questions along the way, call their customer service hotline at 1-888-524-ABLE (2253) or email them at firstname.lastname@example.org