Best Financial Advisors in Shoreline, WA

* WARNING *This is a DRAFT/fragment article that may contain incomplete information or spelling errors. Use it with caution and double-check things! I'm publishing it 'early' before I have the time to polish it to get the info available to certain clients. Key points on ABLE accounts ABLE accounts allow the disabled to have assets up to $100,000 that don't count against the $2,000 resource limit test used to determine eligibility for state & federal aid programs like SSI (cash assistance from social security), SNAP (food stamps), and Medicaid (health insurance for the poor.) The ABLE National Resource Center has a lot of great detailed info to help you through the process of application & selecting the best ABLE plan for you. In general, if you pay state income tax, you'll be best off picking your state's plan since you can deduct your contributions from your state (but not federal) taxes. Who is eligible for and can manage ABLE accounts? People who developed a disability--including blindness-- prior to their 26th birthday that is expected to last indefinitely or has already lasted for a year are eligible for ABLE Savings accounts, and they are also the account owners and beneficiaries. However, "authorized agents" for the disabled person can be the person actually opening, funding, and managing the account on behalf of the disabled beneficiary. This is typically a parent or guardian, but many states allow for multiple authorized agents with varying levels of access.