Saving & Investing

ABLE Utah accounts are investment accounts, not bank accounts. When you contribute money to your ABLE Utah account, your money is invested in different portfolios that we provide. These portfolios are the “Investment Options.” We offer four different Investment Options for you to choose from:

Growth Option: The Growth Option seeks to provide capital appreciation and some current income. This Option invests 100% of its funds in the Vanguard LifeStrategy Growth Fund.

The Growth Option endeavors to maintain an 80% investment in corporate stocks and a 20% investment in bonds. A stock represents ownership in a corporation. Stock ownership generally allows investors to grow their money in excess of inflation over a long-term period of time. Bond investors are entitled to receive interest payments over the life of the bond and receive the face value of the bond at maturity.

Stock investing is generally riskier than bond investing. The Growth Option has the largest investment in corporate stocks compared to the other Investment Options. The Growth Option potentially offers higher expected investment returns, but it also offers higher expected risk.

The Growth Option may be most suitable for investors with a long-term time horizon and for investors willing and able to accept more risk.  

Moderate Growth Option: The Moderate Growth Option seeks to provide capital appreciation and a low-to-moderate level of current income. This Option invests 100% of its funds in the Vanguard LifeStrategy Moderate Growth Fund.

The Moderate Growth Option endeavors to maintain a 60% investment in corporate stocks and a 40% investment in bonds. A stock represents ownership in a corporation. Stock ownership generally allows investors to grow their money in excess of inflation over a long-term period of time. Bond investors are entitled to receive interest payments over the life of the bond and receive the face value of the bond at maturity.

Stock investing is generally riskier than bond investing. The Moderate Growth Option has the second largest investment in corporate stocks compared to the other Investment Options. The Moderate Growth Option potentially offers moderate expected investment returns, but it also offers moderate expected risk.

The Moderate Growth Option may be most suitable for investors with an intermediate-term time horizon and for investors willing and able to accept risk.

Conservative Growth Option: The Conservative Growth Option seeks to provide current income and low-to-moderate capital appreciation. This Option invests 100% of its funds in the Vanguard LifeStrategy Conservative Growth Fund.

The Conservative Growth Option endeavors to maintain a 40% investment in corporate stocks and a 60% investment in bonds. A stock represents ownership in a corporation. Stock ownership generally allows investors to grow their money in excess of inflation over a long-term period of time. Bond investors are entitled to receive interest payments over the life of the bond and receive the face value of the bond at maturity.

Stock investing is generally riskier than bond investing. The Conservative Growth Option has the second largest investment in bonds compared to the other Investment Options. The Conservative Growth Option typically offers lower expected investment returns, but it also offers lower expected risk.

The Conservative Growth Option may be most suitable for investors with a short-to-intermediate term time horizon and for investors willing and able to accept some risk.

Income Option: The Income Option seeks to provide current income and some capital appreciation. This Option invests 100% of its funds in the Vanguard LifeStrategy Income Fund.

The Income Option endeavors to maintain a 20% investment in corporate stocks and an 80% investment in bonds. A stock represents ownership in a corporation. Stock ownership generally allows investors to grow their money in excess of inflation over a long-term period of time. Bond investors are entitled to receive interest payments over the life of the bond and receive the face value of the bond at maturity.

Stock investing is generally riskier than bond investing. The Income Option has the largest investment in bonds compared to the other options. The Income Option typically offers low expected investment returns, but it also offers low expected risk.

The Income Option may be most suitable for investors with a short-term time horizon or for investors unwilling or unable to accept risk.

BankSafe Option: The BankSafe Option offers a conservative savings strategy and is designed to protect your principal. This Option places 100% of its funds into an FDIC-insured savings account.

The BankSafe Option is the most conservative strategy and is designed to protect your money. The BankSafe Option is fully funded into an FDIC-insured savings account, meaning that your money (along with other applicable accounts you have at Fifth Third Bank) is insured, up to $250,000, by the Federal Deposit Insurance Corporation, which is essentially supported by the full faith and credit of the United States Government.

The BankSafe Option offers the lowest expected return and the lowest expected risk.  

(NOTE:  The Investment Option descriptions contained on this website are provided for informational purposes only and do not constitute financial, investment, or other advice. Beneficiaries or their Authorized Legal Representatives are solely responsible for deciding which Investment Options to use.)


Performance

To view current investment performance, please click here.


How to Select Your Investment Options

When you open an ABLE Utah account, you will be asked to pick your Investment Options. You will be shown all five options, and you will assign a dollar amount to each option. You can choose multiple options or only one option. Each time you request a contribution, you must enter the dollar amount for each option.

Changing Your Investment Options

Federal rules allow you to transfer money from your current Investment Options to a different set of Options twice per calendar year.

How to Contribute to Your ABLE Utah account

You can easily contribute money to your account online. Simply input your personal bank account information (i.e., your routing and account numbers), and make a deposit. You can also save your bank account information and set up recurring contributions. If necessary, you can also mail in check contributions.

Make checks payable to "STABLE Account." Mail to:

STABLE Account Program

PO Box 9671
Providence, RI 02940-9671

Be sure to include the beneficiary's name and account number on the front of the check in the memo line.

Who Can Contribute

Any person (including you, your friends, and your family members), business, employer, corporation, or other legal entity can make contributions to your account. Money can also be transferred from other financial accounts, such as: trusts, 529 College Savings Plans, retirement plans, another ABLE Plan, and more.

Contribution Limits

The standard yearly contribution limit for ABLE Utah accounts is currently $15,000.  If you are employed, you may be able to contribute an additional $12,760 from your income – increasing your total yearly contribution limit to $27,760.

The maximum lifetime limit for ABLE Utah is currently $501,000.  You will not be able to make any new contributions if your account balance is $501,000 or more (although your account can continue to accrue earnings).  You may resume contributions if your balance falls below $501,000.

Our system and processes are designed to automatically prevent you from making any contributions that would exceed these limits. We will monitor your contributions and will reject any excessive deposits.  

How to Withdraw Money

If you would like to withdraw money from your ABLE Utah account, all you have to do is log into your online account and request a withdrawal. You will have the option of receiving funds by electronic funds transfer or by check. The electronic transfer option allows you to load funds onto your STABLE Visa Card or into a personal bank account. Through the check option, participants can cut a check to themselves or to a third party, for paying bills or other expenses.

If you invested your money into more than one Investment Option, you will also be able to select the specific Option you want to withdraw money from.

There are no limits on the amount of withdrawals you can make, and there are no fees associated with making a withdrawal.

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