Many parents know of the various college savings programs that are set up with the Illinois Treasurer’s office. The Treasurer wants to expand the ability for parents to save for their children’s future to parents of children with disabilities who rely on things such as social security benefits, and have established the ABLE program to allow them to do so.
Illinois Treasurer Michael Frerichs appeared as a guest on the Newstalk WTIM Morning Show to discuss the ABLE program. Because the program is so new, Frerichs wanted to inform the public of the program, and what it will allow parents of children with disabilities to do for their kids.
One issue many parents encounter when trying to save for their children is what those savings would do for their children’s social security benefits. Frerichs says this program will allow parents to put away money for their children’s future, without jeopardizing the social security benefits they may already receive.
To find out more about the ABLE program offered through the Illinois Treasurer’s office, visit the office online at IllinoisTreasurer.gov.