The NH ABLE Plan is to help individuals with disabilities save and invest money without jeopardizing their eligibility for certain means-tested benefit programs. It offers tax-advantaged savings accounts that can be used to pay for qualified disability expenses. The plan allows individuals to save and invest funds over time, with earnings on investments accumulating tax-free. The NH ABLE Plan aims to provide individuals with disabilities greater financial independence and flexibility in managing their expenses while maintaining their eligibility for important government assistance programs.
- Program typeABLE Savings plan
- Investment ManagerBlackRock, Sallie Mae, Schwab, and Vanguard provide the Underlying Investments in the Target Risk Options. Fifth Third Bank provides the checking account product in the Checking Account Option.
- State agencyNew Hampshire State Treasurer and the New Hampshire Executive Director of the Governor's Commission on Disability
- Program ManagerAscensus College Savings Recordkeeping Services LLC
Investors in The NH ABLE Plan 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.