New Missouri MOABLE Program Introduces Disability Savings Accounts
Missouri has implemented a new financial program to help disabled persons and their families achieve financial stability. Missouri Achieving a Better Life Experience (MOABLE) accounts will operate similarly to 529 education savings plans: Qualifying individuals may deposit money and withdraw tax-free as long as the money is used for disability-related expenses.
MOABLE was passed in December of 2014. In April of 2017 the inaugural MOABLE account was opened by Senator Eric Schmitt. Schmitt opened the account for his disabled son,… Read More