John R. Bullis: Some detail about ABLE accounts

It took a long time, but Congress finally did enact the ABLE Act.Section 529A of the Internal Revenue Code gives a way to fund an account for certain individuals with disabilities. The account is sort of modeled after the Section 529 plans that allow the funds for education expenses in the account to accumulate income (earnings) tax free.Also, if certain conditions are met, the ABLE account will not disqualify the beneficiary (the disabled person) from receiving Medicaid and Supplemental Securit