Now Open: CalABLE!

December 18, 2018

CalABLE is California’s ABLE account program. ABLE accounts let people with disabilities save for the future, without affecting Medi-Cal, Supplemental Security Income (SSI), CalFresh, and most other benefits.

If you have a qualifying disability that began before you turned 26, you can deposit:

• Up to $19,000 each year in an ABLE account from any source (including family, friends, and benefits)
• Another $15,060 from your own earned income (if you have a job).

You can visit CalABLE at calable.ca.gov. You can compare California’s ABLE Plan with other ABLE programs at the ABLE National Resource Center.

Learn more in DB101’s Building Your Assets and Wealth article.