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colorado financial empowerment
ABLE Programs
ABLE Programs. (Achieving a Better Life Experience) ABLE programs are tax-advantaged savings accounts designed to help Coloradoan’s with disabilities save for qualified disability expenses without jeopardizing their eligibility for federally funded benefits like Medicaid or Supplemental Security Income (SSI). These programs allow individuals with disabilities to accumulate assets for specific needs, such as housing, education, transportation, and personal care, without fear of losing their eligibility for government assistance.
Colorado 529
Savings Plans
529 Savings Plans are educational savings accounts where your money grows federal and state tax-free as long as it’s used for specific expenses, including tuition and room and board at eligible colleges or trade schools and even for apprenticeships. 529’s were created to encourage Parents to start saving early while their students were young, allowing the savings to increase as they grow. The affordability, flexibility and unique savings plans of 529s make them one of the best and easiest ways to save for a postsecondary education.
