Tax – Alaska, Rhode Island, and Virginia Open ABLE Programs

Alaska, Rhode Island, and Virginia have recently launched Qualified ABLE Programs, bringing the total number of states with ABLE Programs to eight. All three programs are open to eligible individuals nationwide. The Alaska ABLE Plan and “RI’s ABLE” plan are both part of the National ABLE Alliance, which offers six different investment options. The investment options have asset-based fees ranging from 0.34% to 0.38%. Additionally, there is an annual account maintenance fee of $40 and an annual paper fee of $15 if individuals choose to receive statement by mail. Virginia’s ABLEnow program offers four investment options. Investment options have asset-based fees ranging from 0.37% to 0.40%. There is also a $3.25 monthly account service fee. Additional fees can be found here.

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