ABLE Accounts: What You Should Know

Achieving a Better Life Experience (ABLE) Accounts are tax-advantaged savings accounts that are available to eligible individuals with disabilities. ABLE account funds can be used for "qualified disability-related expenses" (QDE). A QDE is any expense the beneficiary incurs because of the disability. These may include expenses related to education, housing, transportation, employment training and support, or other expenses that help improve health, independence and/or quality of life. This Social Security Administration blogpost explains who is eligible for an ABLE account, what the funds are used for, and the effect it has on Social Security disability benefits.