ABLE Act
A law Congress passed in 2014 that created special savings accounts for people with disabilities so they could save money without losing government benefits.
A definition says what a thing is; it never says whether it fits you. The guides explain how it works and name the professional who confirms it for a particular person. The No Advice Disclosure.
Words beside it
- ABLE account
A special savings account created by federal law that lets people with disabilities save money without losing government benefits or paying tax on the growth.
- Stablecoin
A crypto token meant to hold a fixed value, backed by reserves of varying quality.
- taxable income
Taxable income is the portion of the money you earn that the government actually calculates your tax bill on. Certain deductions and adjustments can lower this number before taxes are figured out.
- variable annuity
A variable annuity is an annuity where your money goes into investment choices that can rise or fall in value like a stock fund. Your payments depend on how those investments do.
- Variable costs
Costs that rise with each unit sold: materials, shipping, processing fees.
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