What are ABLE Accounts?
The ABLE Act, which was signed into law in December 2014, allows Americans living with disabilities to save money in a tax-deferred account as a supplement to private insurance and public benefits. ABLE Accounts are tax-advantaged investment accounts that help qualified individuals with disabilities, and their families, save for disability-related expenses.
Who can Contribute?
If you’re new to investing, some of the information on the Internet can be downright confusing. While investing itself is fairly straightforward, many people find themselves shying away from the entire process because they simply don’t understand the terminology, which can be somewhat overwhelming. If you feel overwhelmed you are not alone. But you should be familiar with basic concepts of investing to make more intelligent choices.
So here is a rundown of five common and must know investing terms that every investor should become familiar with: