Tax: Mississippi Opens Qualified ABLE Program

In June, Mississippi opened a new Achieving a Better Life Experience (ABLE) program, bringing the total number of jurisdictions with ABLE programs to 43. The program is open to all eligible individuals nationwide. It has six investment options and a checking option with a debit card. The program has a quarterly maintenance fee of $15 with a $3.75 discount for opting to receive statements via email and a $1.25 discount for Mississippi residents. Asset-based fees for investment options range from 0.34% to 0.38%. More information about state implementation of the ABLE Act can be found here.

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