It’s more than just investing.
It’s investing for a better life.
Our goal is to provide the tools you need to achieve greater independence and financial security through a simple, intuitive online platform.
A STABLE account provides:
Nationwide enrollment for individuals with disabilities
Tax-free savings for disability-related expenses
The ability to save and invest without losing needs-based benefits
For too long, people with disabilities could not save for the future out of fear of losing needed government benefits. The disability community fought long and hard to change this, and together we’ve come up with a solution.
A STABLE account is a way to save for qualified expenses, invest for future needs, and keep the benefits you rely on every day.
STABLE Account Overview
Are you eligible?
Any U.S. citizen who developed a qualifying disability before the age of 26 is eligible for a STABLE account. If someone cannot open an account themselves, an Authorized Legal Representative (also known as an ALR) can do it for them.
An ALR must attest that they have been selected by the beneficiary with legal capacity, designated as the Power of Attorney, Legal Guardian, or Conservator for the beneficiary, are a spouse, parent, sibling, or grandparent of the beneficiary, or are a representative payee (individual or organization).
What are STABLE Account benefits?
Accountholders can save and invest up to $17,000 a year (and, if employed, up to $13,590 more) for a wide range of qualified expenses. The account’s growth is tax-free and your contributions may qualify for a state income tax deduction.
Best of all, your Supplemental Security Income (SSI) will not be affected as long as the STABLE account balance stays below $100,000. Other federally means-tested benefits are not affected regardless of the amount saved in the account.
You’ll also have access to our network of established partners in the disability community for more support in reaching your financial goals.
How does it work?
The account can be managed online, so it’s easy to access, contribute, or withdraw money; even friends and relatives can add to the account.
It’s never been easier to save and invest for your future.
Make easy online deposits
Contribute up to $17,000 per year. If employed, you may be able to contribute up to an additional $13,590 of income.
Enjoy diverse investment choices
Choose from among five different investment options, including four mutual fund-based investments and one FDIC-insured savings option.
Take advantage of flexible change options
You have the freedom to change your investment options twice every calendar year.
What are qualified expenses?
Money in your account can be used for everyday needs, as well as unexpected events. Qualified expenses are geared toward improving health, independence, and quality of life, and include:
Employment training and support
Personal support services
Health, prevention, and wellness
Oversight and monitoring
Funeral and burial
What makes STABLE Account special?
Our program is unique because it was created with the support of people with disabilities and those working with the disability community. We collaborate with nonprofit organizations and government agencies that focus on disability issues and champion our cause.
We’ve partnered with Vestwell, our program manager, to provide a fun, simple, and intuitive online platform that helps people manage their STABLE account and come closer to reaching their financial goals.