Rep. McMorris Rodgers Issues Statement on ABLE Financial Planning Act
"This is must-pass legislation to provide tax relief to families and I'm so pleased to see my legislation, the ABLE Financial Planning Act, included in the bill that passed today out of Ways and Means.
"This means that people who have been saving for their child's college tuition can rollover that money into a savings account specifically created for individuals with disabilities.
"We need to be empowering those with disabilities and their families to save and invest in their futures, and that's exactly what this bill will help do."
NOTE: In April, the Congresswoman introduced a bipartisan package of legislation known as ABLE 2.0. This package included three bills, one of which was the ABLE Financial Planning Act (H.R. 1897). This legislation allows for rollovers from a 529 to a 529A account, but still maintains the annual contribution limit of
This document was posted showing the date:
Rep. Meeks Issues Statement on House’s 21st Century Flood Reform Act
Advisor News
Annuity News
Health/Employee Benefits News
Life Insurance News