ABLEAMERICA

Save now for a better future with Capital Group's ABLEAmerica® savings plan

A photo of a man in a wheelchair with his dog

ABLE accounts help provide financial security for individuals with disabilities by allowing earnings in the account to grow free from federal taxes as long as withdrawals are used for qualified disability expenses. Individuals can invest up to $18,000 per year (for 2024) in the account. Savings grow free from federal taxes and may be free from state tax if used for qualified disability expenses. (Tax-advantaged treatment applies to savings used for qualified disability expenses. State tax treatment varies.) If withdrawals are used for purposes other than qualified disability expenses, the earnings will be subject to a 10% federal tax penalty in addition to federal and, if applicable, state income tax.

Who is eligible?

  • ABLE accounts are available to U.S. citizens and permanent residents who can legally own securities, including individuals who are blind or disabled from a condition that began prior to age 26.
  • Those who meet the age requirement and may be eligible for SSI or SSDI benefits because of their disability.
  • Individuals with a written, signed diagnosis from a licensed physician.
 
 

Who would benefit?

Families and individuals with disabilities can use funds in an ABLE account for qualified disability expenses including basic living expenses, housing and health care.

Investment options

American Funds Portfolio Series

Build portfolios to align with your clients’ needs with six broadly diversified funds of funds monitored by a team of experienced portfolio managers:

  • American Funds Global Growth Portfolio
  • American Funds Growth Portfolio
  • American Funds Growth and Income Portfolio
  • American Funds Moderate Growth and Income Portfolio
  • American Funds Conservative Growth and Income Portfolio
  • American Funds Preservation Portfolio

 

American Funds U.S. Government Money Market Fund

Help clients earn income on cash reserves while preserving capital and maintaining liquidity with American Funds U.S. Government Money Market Fund.

Account setup and service

To set up a new ABLEAmerica account, visit the Account Resource Center to easily access all of the required paperwork, resources and more.

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You could lose money by investing in American Funds® U.S. Government Money Market Fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not a bank account and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The fund's sponsor is not required to reimburse the fund for losses, and you should not expect that the sponsor will provide financial support to the fund at any time, including during periods of market stress.
Investments are not FDIC-insured, nor are they deposits of or guaranteed by a bank or any other entity, so they may lose value.
Investors should carefully consider investment objectives, risks, charges and expenses. This and other important information is contained in the fund prospectuses and summary prospectuses, which can be obtained from a financial professional and should be read carefully before investing. Similar information is contained in the ABLEAmerica Program Description, which can be obtained from a financial professional and should be read carefully before investing. ABLEAmerica is distributed by Capital Client Group, Inc., and sold through unaffiliated intermediaries.
Depending on your state of residence, there may be an in-state plan that provides state tax and other state benefits not available through ABLEAmerica. Before investing in any state's 529 plan, investors should consult a tax advisor. ABLEAmerica is a nationwide plan sponsored by Virginia529. 
The value of fixed income securities may be affected by changing interest rates and changes in credit ratings of the securities.
This material does not constitute legal or tax advice. Investors should consult with their legal or tax advisors.
Visit the SEC website for the American Funds® U.S. Government Money Market Fund's most recent filings.
All Capital Group trademarks mentioned are owned by The Capital Group Companies, Inc., an affiliated company or fund. All other company and product names mentioned are the property of their respective companies.
Use of this website is intended for U.S. residents only. Use of this website and materials is also subject to approval by your home office.
Effective July 1, 2024, American Funds Distributors, Inc. was renamed Capital Client Group, Inc.
This content, developed by Capital Group, home of American Funds, should not be used as a primary basis for investment decisions and is not intended to serve as impartial investment or fiduciary advice.