A little-known planning technique may provide assistance to individuals with disabilities (the onset of disability must have occurred before turning age 26). In 2018, total contributions up to $15,000 may be made and are not federally tax-deductible. Balances have the potential to grow tax-deferred. As long as withdrawals are used to pay qualified disability expenses, withdrawals are tax-free.

This post was written by Larry Blair

 

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