The Question
How do you set up an Able account for an adult child receiving SSI?
An ABLE account can be a fabulous tool used to build a financial cushion for someone who is receiving SSI. You will need to determine your states guidelines for funding an ABLE. The rules vary from state to state. You may find that another state provides better solutions for your adult child. Some states allow you to fund an account even if you are not a state resident. Go online to shop the various plans to ensure you are choosing the best state plan to benefit your adult child.
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