How Middle Class Families Miss Out on Section 529 ABLE Accounts

Episode 50 of Wealth Distribution with Fexingo explores a little-known tax-advantaged account that the middle class often overlooks: the Section 529 ABLE account. Designed for individuals with disabilities, these accounts allow tax-free growth and withdrawals for qualified expenses, yet most middle-class families don't realize they can be used by the beneficiary themselves without disqualifying them from Medicaid or SSI. Lucas and Luna break down the basics, compare them to regular 529 plans, and discuss why financial advisors rarely mention them. They cover the $16,000 annual contribution limit, the $100,000 asset cap for SSI eligibility, and the unique 'ABLE to Work' provision that lets beneficiaries contribute their own earned income above the limit. The hosts tie this to broader themes of wealth inequality and the hidden tax breaks that only reach those in the know. A natural donation segment connects listener support to keeping these niche topics accessible. #ABLEAccounts #Section529 #DisabilityWealth #MiddleClass #TaxAdvantaged #SpecialNeeds #Medicaid #SSI #ABLEtoWork #WealthGap #FinancialLiteracy #Economics #FexingoBusiness #BusinessPodcast #WealthDistribution #EconomicMobility #HiddenTaxBreaks #LucasAndLuna Keep every episode free: buymeacoffee.com/fexingo