Frerichs Celebrates National ABLE Savings Day
SPRINGFIELD - Illinois State Treasurer Michael Frerichs is celebrating the first-ever National ABLE Savings Day. The Treasurer’s Office’s Illinois ABLE program helps people with disabilities achieve greater financial independence through investment accounts. ABLE is short for Achieving a Better Life Experience, and a decade ago Congress passed a law allowing states to create programs to help individuals with disabilities save and invest their money to pay expenses that help to improve their health, independence, or quality of life, without risking their public benefits. “ABLE is a game changer. For decades, people with disabilities were told not to save to avoid losing their public benefits,” Treasurer Frerichs said . “Now, with an ABLE account, they can put away money and invest that savings, securing greater financial independence and setting aside funds that can be used to help support a greater quality of life.” Illinoisans with disabilities
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