ABLE
Business & Finance abbreviation · Personal Finance
| Stands for | Achieving a Better Life Experience account |
|---|---|
| Categories | Business & Finance |
ABLE stands for Achieving a Better Life Experience account, a personal finance abbreviation.
Tax-advantaged account for people whose disability began before a set age, allowing them to save for disability-related expenses without losing means-tested benefits such as SSI and Medicaid. Only the first $100,000 held in an ABLE account is disregarded for SSI purposes.
Example: Her parents opened an ABLE account so she could save her paychecks without jeopardizing her SSI.
Usage notes
Created by the ABLE Act of 2014 and run by states, often alongside their 529 programs, which is why they are sometimes called 529A accounts. The qualifying age of disability onset rose from before 26 to before 46 on January 1, 2026. Annual contributions are capped at the federal gift tax exclusion amount.
Related abbreviations
More personal finance abbreviations
- 401(a) – Qualified retirement plan (Internal Revenue Code section 401(a))
- 401(k) – Employer-sponsored retirement savings plan (Internal Revenue Code…
- 403(b) – Tax-sheltered annuity plan (Internal Revenue Code section 403(b))
- 457(b) – Deferred compensation plan (Internal Revenue Code section 457(b))
- 529 – Qualified tuition program (Internal Revenue Code section 529)
- AER – Annual equivalent rate
- APR – Annual percentage rate
- APRC – Annual percentage rate of charge
- APY – Annual percentage yield
- AU – Authorized user
- BT – Balance transfer
- CIBIL – Credit Information Bureau (India) Limited