A bipartisan legislative package — styled "ABLE 2.0" and spearheaded by House Republican Conference Chairman Cathy McMorris-Rodgers (R-Wash.) — would address each of these flaws. It would allow rollovers of 529 plan balances into ABLE accounts; raise the limits for working disabled people with ABLE accounts to deposit more of their own earnings; and increase the eligible age to open an ABLE account to 45. It’s a package of commonsense measures that will make it easier for special-needs families to save for their children and for special-needs adults to have the resources they need to live better and more independent lives.

Read more in this article from The Hill.

Source: The Hill