The Christopher & Dana Reeve Foundation Paralysis Resource Center (PRC) will host a free webinar on ABLE accounts as it pertains to individuals with paralysis looking to utilize this type of account in the most practical way to keep extra income safe to sustain one’s quality of life and needs.

The webinar, which is free and open to the public, is scheduled to take place June 27 from 2 pm to 3 pm.

During the webinar, host Mary Anne Ehlert, CFP, will review the basics on how to select the right plan for your needs, and answer commonly asked questions regarding an ABLE account, including:

  • How can the funds be used?
  • Will I lose my government benefits?
  • What are the most practical ways to utilize the ABLE account?
  • How much money can be saved into an ABLE account per year?
  • Who can contribute to the account?
  • Is the contribution tax deductible?

“Individuals living with disabilities face extra costs of living and depend on a variety of public benefits that, while helpful, require them to stay within certain financial limits to be eligible for these programs,” says Angela Cantillon, director, paralysis resource center operations.

“The PRC strives to make sure our community is aware of all their options, like the ABLE savings account, which gives individuals and their families the ability to establish savings without affecting their eligibility for these public benefits,” she adds, in a media release.

Ehlert is a financial professional with extensive experience working with families of individuals with disabilities and the elderly on their financial planning.

For more information and to register, visit the Reeve Foundation’s events page.

[Source(s): Christopher & Dana Reeve Foundation, PR Newswire]