The Colorado ABLE Program is established under the state's ABLE legislation and Section 529A and implemented by CollegeInvest, a not-for-profit division within the Colorado Department of Higher Education. It allows an account owner to save for qualified disability expenses without disqualification from federal benefits.
- Program typeABLE savings plan
- Investment ManagerUnderlying mutual funds and ETFs managed by BlackRock, Schwab, and Vanguard. Sallie Mae Bank provides the high yield savings account and Fifth Third Bank, National Association provides a checking account product.
- State agencyColorado ABLE @ CollegeInvest
- Program ManagerAscensus
Investors in Colorado ABLE can select from the following investment options. Click on a portfolio name for more information.
Sometimes referred to as the enrollment-based option, this is an investment approach where your asset allocation is programmed to change over time. Accounts for young beneficiaries are invested aggressively and accounts for beneficiaries with college right around the corner are invested much more conservatively. In some 529 plans, the age-based option operates by automatically transferring your investment from one static portfolio to another at certain points in time. Others utilize lifecycle funds or employ lifecycle-type tactics within the portfolio containing your investment so that it is not necessary to transfer your investment between portfolios.