•February 1, 2017•

Illinois State Treasurer Michael Frerichs today announced a groundbreaking partnership that brings together 14 states to encourage individuals to invest money on behalf of people with a disability or blindness without jeopardizing their federal disability benefits.

Illinois leads the National Achieving a Better Life Experience (ABLE) Alliance, the country’s largest multi-state agreement for these special investment tools that allow for tax-free investment growth when proceeds are spent on qualifying disability-related expenses. Today’s announcement culminates nearly two years of negotiations and additional states also can join the Illinois-led group.

“Every parent wants the best for their child,” Frerichs said. “With this program, we can ensure that families who have a loved one with a disability or blindness get the tools that they need to plan for their future.”     Login or Subscribe to read the rest of this story.