Oregon ABLE Savings Plan

Oregon ABLE Savings Plan

In December 2016, Oregon launched a new ABLE Savings Plan for individuals with special needs or disabilities. ABLE (Achieving a Better Life Experience) provides a tax-advantaged savings account that allows individuals and families to set aside money for disability-related expenses. Funds can be contributed to an ABLE account without disqualifying a disabled individual from receiving critical government benefits such as Supplemental Security Income and Medicaid.

The savings in ABLE accounts can be invested on behalf of the beneficiary, and any earnings are tax-free if used to pay for qualifying expenses, such as education, housing, assistive technology, personal support services and other disability-related expenses.

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If you need a steady hand to navigate life’s rough waters, call us. We’ll help you understand your situation from a legal perspective, provide planning options, and guide you in making decisions that will best achieve your goals. We’ll work closely with you to identify the most effective solutions to your immediate concerns and develop a plan to address your future needs.