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Treasurer Smith Plants the Seed of Saving for Individuals with Disabilities

April 18, 2023

DES MOINES – State Treasurer Roby Smith is planting the seed of saving for individuals living with a disability by encouraging them to learn about IAble. “For individuals with disabilities, saving is much easier than tracking moon phases and frost dates or relying on soil temperatures,” said Smith. “Plus, while farmers and gardeners have to wait months to see their finished product, IAble Account Owners instantly harvest their financial freedom.”

IAble is Iowa’s Achieving a Better Life Experience (ABLE) plan for individuals with disabilities and enables Account Owners to save above the $2,000 asset cap placed on means-tested benefits. “For many, disability benefits like SSI [Supplemental Security Income] and Medicaid are as crucial as rain and sunshine at the start of planting,” continued Smith. “IAble helps individuals with disabilities maintain their benefits without causing concern over how they will save for other expenses.”

Money saved in an IAble account can be used for groceries, rent, healthcare, transportation, assistive technology and other qualified disability-related expenses. The Plan offers six investment options and an FDIC-insured checking account. IAble also offers tax advantages. In 2023, up to $3,785 can be deducted from Iowa state income taxes by anyone making a contribution. Additionally, assets grow deferred from federal and state income taxes, and qualified withdrawals are tax-free. 

Visit to learn more and read the Program Disclosure Booklet for details about the Plan. Follow the Treasurer on Facebook, Twitter and Instagram for updates and news.


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