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State Treasurer of Iowa

12/17/2024 | Press release | Distributed by Public on 12/17/2024 08:58

Treasurer Smith Announces Price Reduction and New Investment Option for IAble Accounts

DES MOINES - State Treasurer Roby Smith announces two updates for IAble (Iowa's Achieving a Better Life Experience plan). "We know how crucial IAble accounts can be in helping individuals with disabilities save for long- and short-term expenses, which is why I'm proud to share we are offering a new Investment Option and reducing fees," said Smith. "Our goal has always been to preserve the growth of our Account Owners' savings, and these updates align with that."

"Investing looks different for everyone and their savings timeline," Smith continued. "This is why we are excited to provide a Money Market Option for Account Owners looking for the opportunity to earn money on their investments with even lower risk than our current Conservative Option." Additionally, Account Owners will notice on their next statement the Annual Account Maintenance Fee, assessed quarterly, is reduced by $2.

IAble helps individuals with disabilities save money while maintaining eligibility for federal assistance programs. Account Owners can use money in an Account to pay for Qualified Disability Expenses such as housing, basic living expenses, employment training, assistive technology, transportation, wellness and more.

Learn more at IAble.gov and connect with the Treasurer on Facebook, Instagram and X. For additional details IAble, read the Plan Disclosure Booklet.

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