MIAMI COUNTY — Deputy Director Doug Jackson from Ohio Treasurer of State Josh Mandel’s office will visit Riverside Developmental Disabilities this week to share information about STABLE accounts.
The information session will be held Thursday, Sept. 29, starting at 6 p.m. at Riverside, 1625 Troy Sidney Road, Troy, and is free and open to the public.
STABLE accounts are a new financial tool in Ohio that allow people with disabilities to save and invest money without losing eligibility for certain public benefits programs like Medicaid, SSI, or SSDI. Jackson will explain how to open a STABLE account, and how earnings in STABLE accounts are not subject to federal income tax as long as funds are used for “Qualified Disability Expenses.”
STABLE accounts are made possible by the federal Achieving a Better Life Experience (“ABLE”) Act. Ohio was the first State to implement these investment accounts. Television commercials featuring Ohio Treasurer Josh Mandel and Ohio State University football coach Urban Meyer have been airing for several weeks promoting STABLE accounts for people with disabilities.
For more details about the information session, contact Melissa Nichols at (937) 440-3002.