Tap Posted May 26, 2020 Posted May 26, 2020 (edited) I am looking at opening an ABLE account for dd13. She is getting a back payment from SSI and want to save it for her. I am looking at ABLE accounts but it is a bit overwhelming to choose. I don't generally invest beyond my 401K, so it is all new to me. I found a tool to compare different states plans but wonder if there is something beyond the obvious that I need to look for. Like....do I need to worry about the strength of the company (Vanguard is our state plan-Washington) or are the all pretty stable? What I know I want... I would like for her to be able to use it toward a car in 3-5 years. A debit card (or other e-access) in case she doesn't get a car and we decide to use it for other things. It will have a minimum of 3 transfers into it (1 every 6 mths), but I don't know if it will have more than that or not. A yearly fee that is hopefully covered by the interest gained. I don't mind it staying stagnant, but hate to see it go backward. FDIC insured. Any suggestions or things to watch out for? Edited May 26, 2020 by Tap Quote
Ottakee Posted May 26, 2020 Posted May 26, 2020 The yearly fee, which you know about. Vanguard is a very stable company. Quote
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