Local News

The Treasurer's Office in Springfield has a new program that hasn't been in place for long, where people can invest money in savings accounts that don't get taxed. This Program is called Able Accounts and it runs similarly to College Savings, but it's used for families who have a child with disabilities. Treasurer Michael Frerichs said Able Accounts allows families to save for their disabled children who will need help later in life, especially once the parents pass away and the child needs something more than what the government can provide them.

Frerichs said there weren't a lot of companies who wanted to partner with Illinois to make this work, but the state found other states to partner with to help it work.

For more information go to illinoistreasuerer.gov. Treasurer Frerichs appeared on the NEWSTALK WTIM Morning Show. 

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