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Answers at your fingertips

You can scroll through the FAQs or click on a category below to scroll to that section of the page.

How do I choose an investment option?
If you decide to invest all or some of the money, there are three investment options to pick from: ABLE Conservative, ABLE Moderate, and ABLE Aggressive.  We can help educate you on the differences between the three, but we can’t tell you which one to pick. You can learn more about the benefits and... Read more
Is there a minimum to open an account?

You need $25 to get the account started. After that, you can add as little as $5 at any time.

What do I need to open an account?
If you’re the beneficiary of the account, make sure you have this information handy:  Your email.  Your birthday.  Social Security Number (SSN) or Tax Identification Number (TIN).  Contact details.  Proof of eligibility.  If you’re an Authorized Legal Representative, you’ll need your... Read more
Are there age restrictions to open an account?
An adult beneficiary can open an account for themselves. If a beneficiary is under the age of 19, they must have an Authorized Legal Representative (also known as an ALR) do it for them. An ALR must attest that they have been selected by the beneficiary with legal capacity, are designated as the... Read more
Can I enroll and manage an Alabama ABLE account with a paper form?

The easiest, fastest way to enroll for and manage an Alabama ABLE account is online. 

If you want to use paper forms for enrollment or managing your account, you can find those forms here

What does eligible mean?
The test for determining eligibility for an ABLE account is found in Section 529A of the Internal Revenue Code.  To be eligible, the onset of the disability must be before age 26.  A person who is entitled to benefits such as Supplemental Security Income (SSI) or Social Security Disability... Read more
Can a Social Security Representative Payee open an account for a beneficiary?
Yes. To have a Representative Payee open an account for you, they must meet the requirements of an Authorized Legal Representative (anyone who is selected by the eligible beneficiary with legal capacity, anyone who has Power of Attorney, a conservator or legal guardian, or a spouse, parent,... Read more
Who can open an ABLE account?
ABLE accounts can be opened for eligible U.S. citizens and legal residents living in any state in the United States, regardless of whether the state has an ABLE program.  An adult beneficiary with a qualifying disability can open and manage an Alabama ABLE account or have an Authorized Legal... Read more
Can I still work and have an account?

You can still work and have an Alabama ABLE account, but there are some rules and guidelines you should know about.

What are ABLE accounts?
ABLE accounts are tax-advantaged savings programs for eligible people with disabilities. They are established under the name of the beneficiary (i.e. the person with a qualified disability). Each person can have only one ABLE account. Assets in an ABLE account grow tax-free and can be withdrawn... Read more