091. Interview: Kelly Nelson & Understanding ABLE Accounts Pt. 2

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Hosts Meghan (Smallwood) and Patrick (Cadigan) continue their conversation with Kelly Nelson about ABLE accounts, exploring the many benefits and features these accounts offer. The discussion highlights flexibility, tax advantages, and built-in financial literacy tools, including the online gifting page that allows friends and family to contribute, as well as the prepaid card option that helps account holders manage their funds. They also emphasize the importance of opening an ABLE account early to avoid over-resourcing and protect SSI eligibility, and discuss how ABLE accounts can be used for long-term savings, special purchases, and managing back payments. Join the conversation! 

Episode Keywords:
ABLE accounts, financial literacy, gifting page, prepaid card, Maryland ABLE, investment options, SSI benefits, Medicaid, transition process, special needs, back payments, financial management, tax benefits, disability savings, financial independence

Links:
ABLE Today (site)
ABLE National Resource Center (site)
California ABLE (site)
Set up a Gifting page (link)
Authorized Legal Representative (ALR) (link)
Financial Literacy (article)
Bank of New York Mellon (site)
VestWell (site)
Vanguard (site)

Maryland (specific) Links/Supports:
Maryland ABLE.org (site)

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To download a copy of a transcript for this episode or any of our previous conversations, click here.
Also visit our Podcast webpage to find links to all of our other discussions; go to www.p2transition.com.
Additional information about post-secondary transition can be found at our website.
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Visit our YouTube Channel to find additional video resources.
Intro/Outro music by AudioCoffee from Pixabay.
Transition music by Joseph McDade from Transistor.