alleryStart learning →Eligibility for an ABLE account requires blindness or a qualifying disability that began before which birthday?
AThe 18th birthday
BThe 26th birthday
CThe 21st birthday
DThe 30th birthday
Answer & Solution
Correct answer: B. The 26th birthday
1. ABLE accounts are tax advantaged savings accounts for individuals with disabilities.
2. Eligibility turns on when the qualifying disability or blindness began.
3. It has to have begun before the 26th birthday.
4. The account itself can be opened at any age, so 18 and 21 test the wrong milestone.
_Source: FDIC Money Smart for Adults (September 2018), Module 5: Your Savings, section Special Accounts and Public Benefits_
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