On Tuesday, Dec. 18, California State Treasurer John Chiang hosted a news conference to announce the launch of a new program, CalABLE. This was great news! CalABLE is an innovative state program that will allow individuals with disabilities to open tax-advantaged savings and investment accounts designed to let them contribute significantly more than the $2,000 they are currently allowed to save under rules that apply to many government programs.
John Chiang announcing the launch of CalABLE
Under CalABLE, eligible individuals will be allowed to contribute $15,000 per year, up to a maximum of $529,000, into their account and still maintain benefits such as Medical and CalFresh. As an additional bonus, people who want to remain eligible for SSI can contribute the annual $15,000 and deposit up to $100,000 into their fund without the funds counting as assets.
For more details about CalABLE, see the Treasurer’s full news release.
Dear Terri, We so appreciate all you have done for our family these last few years. You are a unique combination of competence, professionalism, and genuine caring and compassion for all those you serve! Best wishes always.
Terri and her whole team are the best in town (and California) for protecting the needs of your loved ones and yourself!
Terri and her team are top notch!
I think you know how special I think you are and it has been a gift to know you all these many years. I know I am in good hands when I am in ‘your hands.’ Thanks for all the help and advice!
Terri had created a trust for my husband & I and now that my husband has passed away she has helped me navigate through all the important things that must be taken care of & moved me into my Survivors Trust. I could not get through this very difficult time without her great knowledge and direction. She is so very professional yet very caring. I tell everyone I know to create a plan for their future with Terri Hilliard.
