You should carefully read the Plan Disclosure Booklet before investing.Īccount Owners assume all investment risks as well as responsibility for any federal and state tax consequences. This and other important information is contained in the Plan Disclosure Booklet, which can be obtained at or by calling (888) 609-8683. Interests in IL ABLE are municipal securities and the value of the account will vary with market conditions and the performance of the investment options you choose.Īn investor should consider investment objectives, as well as the risks, charges, and expenses associated with an investment in the IL ABLE plan before investing. The Checking Account Option offers FDIC insurance up to $250,000, subject to certain restrictions. Ascensus College Savings Recordkeeping Services, LLC, the Program Manager, and its affiliates, have overall responsibility for the day-to-day operations, including investment advisory, recordkeeping, and administrative services for the IL ABLE plan.Īccounts in the IL ABLE plan are not guaranteed or insured by the State of Illinois, the Treasurer, the Trust, IL ABLE, the Program Manager, or any other entity (except as provided in the Plan Disclosure Booklet solely with respect to the FDIC-insured Checking Account Option) An Account Owner could lose money by investing in the IL ABLE plan. IL ABLE is designed to be a qualified ABLE plan offered as part of the National ABLE Alliance. The Illinois Achieving a Better Life Experience (“IL ABLE”) plan is sponsored by the State of Illinois and administered by the Office of the Illinois State Treasurer (“Treasurer”). Illinois leads the National ABLE Alliance, an 18-state consortium that represents more than one-quarter of the nation’s ABLE-eligible population and offers a best-in-class ABLE program to people with disabilities anywhere in the country. IL ABLE Accounts solve a long-time predicament that many people with disabilities face – how to build financial wellness without risking much-needed federal government benefits. Great tax benefits: Illinois taxpayers can make a tax-deductible contribution to any IL ABLE Account: up to $10,000 for individual filers and $20,000 for those filing jointly.
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