Tax – Oregon Opens ABLE Programs

On December 6, Oregon opened two ABLE programs, the Oregon ABLE Savings Plan for residents, and ABLE for ALL for non-residents. This makes Oregon the sixth state to open a Qualified ABLE Program. Both plans require a minimum deposit of $25. Both have a cash option and three investment options. The investment options have asset-based fees ranging from 0.30% to 0.38% per year. There is an annual fee of $55 for ABLE for ALL and a $45 annual fee for the Oregon ABLE Savings Plan. Those who sign up for the Oregon ABLE Savings Plan by December 31, 2017 will save 50% on the annual fee.

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