Reduced Fees!
IAble Account Owners are enjoying new, lower fees! Effective July 1, 2022, the Quarterly Account Maintenance Fee was lowered to $8.50 for Account Owners enrolled in electronic delivery statements. For paper statement delivery, the fee was reduced to $14.75.
Opening an Account
Recent ABLE regulations expanded the list of Authorized Individuals who can open an ABLE account to make for a much easier enrollment process. No backup documentation is required to prove you have Financial Authority to act on behalf of the ABLE Account Owner, but you must certify under penalties of perjury and notify IAble if your authority expires or is removed.
State Treasurer's Note
State Treasurer Michael Fitzgerald is excited to administer IAble, Iowa’s Achieving a Better Life Experience (ABLE) savings plan! With tax-advantaged ways to save for people with disabilities and their families, along with maintaining eligibility for assistance programs, IAble is an empowering plan that Treasurer Fitzgerald is thrilled to share.
For more information about IAble (the "Member Plan"), call (888) 609-8910, or visit https://www.IAble.gov to obtain Plan Disclosure Documents, which include investment objectives, risks, charges, expenses, and other important information; read and consider it carefully before investing.
Before investing in any qualified ABLE program, you should consider whether your home state offers a qualified ABLE program that provides its taxpayers with favorable state tax and other benefits that are only available through investment in the home state's qualified ABLE program. You also should consult your financial, tax, or other adviser to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to directly contact your home state's qualified ABLE program, or any other qualified ABLE program, to learn more about those plans' features, benefits and limitations. Keep in mind that state-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.
The Member Plan is sponsored by the state of Iowa and administered by Treasurer of the State. The Member Plan is one of the qualified ABLE plans issued by the Ascensus ABLE Consortium Trust. Ascensus College Savings Recordkeeping Services, LLC, the Program Manager, and its affiliates have overall responsibility for the day-to-day operations, including investment advisory, recordkeeping and administrative services. The Member Plan offers a series of investment options within the Ascensus ABLE Consortium Trust. The Member Plan is intended to operate as a qualified ABLE plan to be used only to save for Qualified Disability Expenses, pursuant to the Section 529A of the U.S. Internal Revenue Code, as amended.
This material is provided for general and educational purposes only, and is not intended to provide legal, tax or investment advice, or for use to avoid penalties that may be imposed under federal or state tax laws. This material is not an offer to sell or a solicitation of an offer to buy any securities. Participation in the Member Plan does not guarantee that contributions and the investment return on contributions, if any, will be adequate to cover future expenses or that an account owner is eligible to participate in the Member Plan.
