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ABLE NRC NDEAM Panel Discussion: Working ABLE Account Owners - Gallery view
NDI Webinars
52:22
The webinar recording and transcript will be available within 1-2 weeks after the webinar at this link. https://www.ablenrc.org/ndeam-panel-discussion-working-able-account-owners/
Cheryl Gordon
53:30
Thanks!
Bridget Lewis
53:41
thank you!
NDI Webinars
54:00
We will be taking audience questions in the Q&A box, after the panel.
Debra Hollifield
54:11
Thank you!
NDI Webinars
54:16
You will not be called upon live, so I will lower hands.
Annie Felix
54:54
What happens to the funds in the ABLE account if the account owner dies?
NDI Webinars
54:54
Please help us keep the flow by posting your questions in the Q&A box.
Elexis Blake
56:50
In addition to the recording and transcript, will the PowerPoint be available within 1-2 as well?
NDI Webinars
57:49
Yes, Ms. Blake, the slides will be posted as well.
Elexis Blake
57:59
Great, thank you!
Katy Oliver
58:26
I know that there is expected to be a COLA increase early next year. Do we know if this is expected to mean a gift tax amount increase, too? Sorry, don't see an option to post in Q&A
NDI Webinars
59:52
There should be a button in the controls that says Q&A.
Forrest Beaudoin-Friede
01:01:34
NDI should should understand that I deserve the right to my questions live
Elexis Blake
01:05:59
Annie & Katy, I asked your questions under the Q&A, but it seems my questions and answers have been sent/received privately. I wanted to share the information with you.
Elexis Blake
01:06:37
In regards to the ABLE account if the account owner dies... This information is posted for residents who select their state's ABLE plan, within the comparison tools: https://www.ablenrc.org/select-a-state-program/
Elexis Blake
01:07:11
In regards to the COLA increase... That has not been announced as of this date, but it could mean that the contribution limit increases. We will post it when it occurs.
Marlene Ulisky
01:11:56
We encourage you to review the Frequently Asked Questions - ABLE National Resource Center (ablenrc.org): History and background, General, Eligibility, Medical Criteria, and improvement, Enrollment, Contributions, Qualified Disability Expenses - www.ablenrc.org/frequently-asked-questions/ after the webinar!
Marlene Ulisky
01:13:19
Podcasts: https://www.ablenrc.org/able-to-save-podcast/
Marlene Ulisky
01:15:16
Past webinars on QDEs: https://www.ablenrc.org/resources/webinars/qdes/
Laurie Schaller
01:20:06
14. Save for your retirement in your ABLE account. If you do not have an active retirement account this year, you can have $15,000 contributed to your ABLE account and you may deposit up to an additional $12,760 from your earnings within ABLE. You may be eligible for the Saver’s Tax Credit too. https://www.ablenrc.org/able-the-irs-and-tax-advantages-what-you-need-to-know/
NDI Webinars
01:22:31
Please check out our Decision Guide on how to open an ABLE account. https://www.ablenrc.org/am-i-able-eligible-and-how-do-i-open-an-account/
Laurie Schaller
01:24:09
13. When you are working, consider depositing a portion of your earnings in your ABLE account. An ABLE account is a protected savings option for those who want to save for retirement and may need SSI or a form of Medicaid now or in the future. https://www.ablenrc.org/understanding-able-account-savings-and-public-benefits/
Laurie Schaller
01:24:56
12. If you receive SSI or SSDI and you want regular guidance about your employment and work supports, reach out to an employment network that can help you for several years: https://choosework.ssa.gov/findhelp/
Laurie Schaller
01:25:19
11. If you are working or are ready to start working, contact a benefits advisor(WIPA) to find share your work and financial goals and learn about the specific work supports you are eligible for: https://choosework.ssa.gov/findhelp/
NDI Webinars
01:25:48
Here is the link to our other Decision Guides on-- FINDING THE FUNDS TO SAVE IN AN ABLE ACCOUNT-- DETERMINING WHETHER SOMETHING IS A QUALIFIED DISABILITY EXPENSE (QDE)-- UNDERSTANDING ABLE ACCOUNT SAVINGS AND PUBLIC BENEFITS-- ABLE ACCOUNTS AND WORKING PEOPLE WITH DISABILITIEShttps://www.ablenrc.org/able-account-decision-guide-series/
Laurie Schaller
01:26:01
10. If you receive SSI and attend school, now is the time to work and save more with the Student Earned Income Disregard: https://www.ablenrc.org/able-and-the-student-earned-income-exclusion-work-support-for-transition-age-youth/ Also see: https://www.ablenrc.org/ssa-updates-youth-transition-resource/
Marlene Ulisky
01:26:06
Additional contributions for employed individuals: ABLE TO WORK ACT (ablenrc.org) - www.ablenrc.org/wp-content/uploads/2021/01/ABLEToWorkActFactsheet.pdf
Laurie Schaller
01:28:26
4. If someone says you need to spend down, let the person know if you want to deposit the funds into your ABLE account instead. https://www.ablenrc.org/service-provider-toolkit/
Marlene Ulisky
01:29:59
ABLE Accounts, Special Needs Trust and Pooled Trust Comparison Chart: https://www.ablenrc.org/able-account-special-needs-and-pooled-trust-comparison-chart/
Laurie Schaller
01:34:38
2. Tell trusted members of your circle of support that you own an ABLE account; see what ideas they have about you contributing funds to ABLE regularly. https://www.ablenrc.org/finding-the-funds-to-save-in-an-able-account/
Marlene Ulisky
01:38:17
Read Nathan's story: https://www.ablenrc.org/resources/newsletters/
Marlene Ulisky
01:38:42
He is in the September/October 2021 newsletter: https://www.ablenrc.org/resources/newsletters/2021-newsletters/
Marlene Ulisky
01:44:19
Podcasts: https://www.ablenrc.org/able-to-save-podcast/
Marlene Ulisky
01:45:12
Taylor's podcast is accessed in link above!
NDI Webinars
01:47:55
NAST ABLE Age Adjustment Act Advocacy Toolkit https://nast.org/able-act/
Marlene Ulisky
01:49:20
Chris's podcast is accessed here: https://www.ablenrc.org/able-to-save-podcast/
NDI Webinars
01:49:22
https://www.ablenrc.org/what-is-able/history-of-the-able-act/
NDI Webinars
01:49:57
See the section on the ABLE Age Adjustment Act.
NDI Webinars
01:50:23
...with links to the legislation.
Marlene Ulisky
01:52:47
Read more about Simon: https://www.ablenrc.org/september-october-2021-achievable-newsletter/
Marlene Ulisky
01:53:38
Compare 3 states: https://www.ablenrc.org/compare-states/
Marlene Ulisky
01:53:53
Decision Guides: https://www.ablenrc.org/able-account-decision-guide-series/
Marlene Ulisky
01:55:05
Sample Disability Certification if needed: https://www.ablenrc.org/service-provider-toolkit/
Marlene Ulisky
01:55:30
Nathan's story again: https://www.ablenrc.org/september-october-2021-achievable-newsletter/#blog
Marlene Ulisky
01:56:16
Read about and meet all of our ABLE BIPOC Ambassadors: https://www.ablenrc.org/able-ambassadors/bipoc-outreach/
Marlene Ulisky
01:56:43
Read about Tim, a BIPOC Ambassador in link above!
NDI Webinars
01:58:37
The webinar recording and transcript will be available within 1-2 weeks after the webinar at this link. https://www.ablenrc.org/ndeam-panel-discussion-working-able-account-owners/
NDI Webinars
01:58:51
...and slides.
Marlene Ulisky
01:59:30
View all state programs: https://www.ablenrc.org/select-a-state-program/
Marlene Ulisky
02:00:20
The ABLE Age Adjustment Act (S.331 and H.R. 1219) was reintroduced in the 117th Congress (2021-2022) on February 23, 2021. Similar legislation was introduced in the 115th Congress (2017-2018) as S. 817 and H.R. 1874 and in the 116th Congress (2019-2020) as S.651 and H.R. 1814 with significant bipartisian support. The current bill would amend Section 529A of the Internal Revenue Code with respect to qualified ABLE programs by increasing the age of eligibility for an ABLE account from the onset of disability prior to age 26 to an onset of disability prior to age 46.
NDI Webinars
02:00:24
https://www.ablenrc.org/able-to-save-podcast/
Marlene Ulisky
02:01:35
Our resource on self employment: https://www.ablenrc.org/service-provider-toolkit/
Marlene Ulisky
02:01:46
https://www.ablenrc.org/able-account-decision-guide-series/
Marlene Ulisky
02:02:16
Podcasts: https://www.ablenrc.org/able-to-save-podcast/
Marlene Ulisky
02:02:31
BIPOC Ambassadors: https://www.ablenrc.org/able-ambassadors/bipoc-outreach/
Marlene Ulisky
02:03:16
FR: https://www.nationaldisabilityinstitute.org/financial-resilience-center/
NDI Webinars
02:03:39
If you are an employer or would like your employer to include ABLE accounts in your benefits plan, please check out our ABLE Employer Toolkit. https://www.ablenrc.org/employers/employer-toolkit/
Marlene Ulisky
02:03:59
Register for webinar: https://www.ablenrc.org/resources/webinars/
Marlene Ulisky
02:04:43
Spotlights: https://www.ablenrc.org/resources/webinars/program-highlights/