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Attainable Savings Plan
Introducing A Tax-Smart Way to Save for Disability Expenses
With the passage of the Achieving a Better Life Experience (ABLE) Act, Americans with disabilities now have the opportunity to save and invest in a tax-advantaged account for short and long-term disability related expenses, without risking their disability benefits.
An ABLE account is a smart way to save that supplements, rather than replaces, your Medicaid and Supplemental Security Income (SSI) benefits.
With the Attainable Savings Plan, the ABLE plan offered by MEFA and managed by Fidelity Investments, individuals can choose from various professionally managed investment portfolios, giving contributions a chance to grow tax-deferred and when used for qualified disability expenses are federal income tax-free.
Learn more about Fidelity’s ABLE plan here.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 809621.1.0. The Attainable Savings Plan is offered by the Massachusetts Educational Financing Authority and managed by Fidelity Investments. Qualified ABLE Programs offered by other states may provide state tax benefits to their residents or taxpayers that are not available through the Attainable Savings Plan. If you are not a resident of Massachusetts, you should consider whether your home state offers its residents or taxpayers state tax advantages or benefits for investing in your home state's qualified ABLE program before making an investment in the Attainable Savings Plan. Units of the portfolios are municipal fund securities and are subject to market fluctuation and volatility. You may have a gain or loss when you sell your units.Please carefully consider the Attainable Savings Plan's investment objectives, risks, charges, and expenses before investing. For this and other information, contact Fidelity for a free Disclosure Document or view one online. Read it carefully before you invest or send money.