Rosewood Services will hold a meeting for family and guardians of Rosewood clients to explain a special savings account that is available to people with disabilities. The meeting will be conducted at 7 p.m. on June 22 at the Rosewood Activity Center, 16th and Main, Great Bend, and will feature Tom Treacy, Director of the ABLE Savings Program.
The Kansas ABLE Savings Plan provides a mechanism to increase the $2,000 asset limitation placed on many individuals with disabilities who receive federal assistance. By eliminating that savings threshold, individuals with disabilities and their families can save money for their future and to improve their quality of life.
An ABLE account is a tax-advantaged savings account that qualified individuals with disabilities my open on an after-tax basis. Funds in the account may then be used for qualified disability expenses, which include: education, housing, transportation, employment training and support, assistive technology, health prevention and wellness, legal fees, living expenses, along with several more qualifications.
There are guidelines for eligibility to open an ABLE account, as well as annual and total limits for savings. That information will be covered by Treacy during the June meeting. Light refreshments will be served to those in attendance. Those who are interested in learning more about the special disability savings account are encouraged to attend.
Find more about Rosewood Services online: RosewoodServices.com
For more information, contact Vicki Schmitt, Senior Director Rosewood Services, firstname.lastname@example.org, 620-793-5888
May 23, 2017
FOR IMMEDIATE RELEASE
Story by: Michael Dawes, Director of Marketing, Rosewood Services, 620-796-2242, MichaelD@rosewoodservices.com