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Tag Archives: disability

Tax Guy: A tax-smart savings tool for loved one with a disability

Loved ones with disabilities can benefit from ABLE accounts, a tax-smart financial planning tool similar to 529 college savings plans. Getty Images/iStock The Achieving a Better Life Experience Act of 2014 (ABLE Act) allows states to set up ABLE account programs. In turn, you can establish a tax-favored ABLE account …

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The Moneyist: ‘My father has lived a life of crime and drugs. He threw away every opportunity we gave him.’ Now that he’s on disability, doesn’t he owe his kids something?

Dear Moneyist,  For most of his life, my father has lived a life of crime and drugs. He threw away every opportunity we gave him, financial or otherwise. He was never really around besides the odd note written on yellow legal paper that I would get from time to time, …

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