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Money Guy Show

All You Need To Know About ABLE Accounts

Money Guy Show

Brian Preston, CPA, CFP®, PFS and Bo Hanson, CFA, CFP® | Fee-Only Fiduciary Advisors

Education, Retirement, Moneyadvice, Investing, Savingmoney, Personalfinance, Business

4.62.8K Ratings

🗓️ 15 July 2016

⏱️ 30 minutes

🧾️ Download transcript

Summary

The ABLE Account is an incredibly valuable new savings vehicle specifically geared for individuals with disabilities. Brian shares his personal experiences raising a special needs child and gets into the details of how these accounts operate. The ABLE Account is essentially a way to save and invest on a tax free basis to use for the support costs of disabled individuals.

Transcript

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0:00.0

But I love when something truly historic occurs,

0:04.8

but then it nicely fits directly into something

0:07.8

that's happening in the pop culture.

0:09.6

And that's exactly what has happened.

0:11.4

I don't know if you guys, if you keep up with just what's going

0:15.2

on in the movie, we're in the summer blockbuster season

0:18.6

for movies right now.

0:20.0

And what has really been tearing it up is finding Dory.

0:23.2

Oh, the sequel to Finding Nemo, right?

0:25.4

Exactly.

0:26.0

And Dory got her own movie.

0:27.5

But here's what people don't realize.

0:29.2

It dovetails beautifully with some of the new legislation

0:33.5

that took place a few years ago and is now rolled out

0:37.1

with these Able accounts.

0:38.9

If you don't know what an Able account is,

0:41.4

boy do we have the show for you today.

0:43.6

And we're going to tell you what Dory would have an Able account

0:47.7

in today's Money Guy podcast.

0:50.4

It's Brian Preston, the Money Guy,

0:53.3

restoring order to your financial chaos, retirement,

0:57.2

investing, taxes.

...

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