ABLE and Your Benefits: How SSA Works with ABLE Accounts

[@ark194]

What about ssdi?

[@ark194]

How can you save if you need to get it out before the first

[@myoldvhstapes]

Money in the ABLE account can stay there forever. The host was talking about a specific 'housing expense' quirk: If the account owner withdrew money from her ABLE account into a regular bank account to pay rent, she needs to spend it by the end of the month.

[@ark194]

8:25 doesn’t make sense. Gifts from others count against you?

[@myoldvhstapes]

Gifts/donations directly into the ABLE account from friends, relatives, charities or even strangers do NOT count. They are neither income nor assets. I think what the middle line on that page means is that gifts given to the account owner outside of his/her account DO count as income when the account owner transfers them into the account on his/her own. The key is that the gift giver needs to send it directly into the ABLE account.

[@DolceBaciLQ]

Example: The Able owner is 23 if his father deposits the same amount of $500 each month directly into Able will SSI count this as income? The Able owner works part time and still qualifies for a few hundred dollars of SSI.

[@sr2291]

An annual total of $17,000 can be contributed into the ABLE account by the person with a disability or from: Friends and Family.

[@myoldvhstapes]

Not counted. Gifts/donations directly into the ABLE account by anyone other than the account owner are neither income nor assets. Even strangers can give, which must be nice for those who are social media savvy.

[@ark194]

So you are not answering the question. What about people who can’t afford to exist? You are laughing about us not being able to save our check. How cruel. We are destitute and you are failing us.

[@ark194]

This is too confusing

[@ark194]

This makes no sense