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Enable Savings Plan

Keep their resource based benefits while saving for their future.

Mom with her smiling little girl

Enable Savings Plan

Open a World of Possibilities.

The Enable Savings Plan allows individuals with disabilities to reach their full potential by giving them a chance to save for today and tomorrow. There are two major benefits to an Enable account for individuals with disabilities: Money in an Enable account does not impact eligibility for resource-based public benefits and earnings are tax-free at both the federal and state levels.1

Passed in 2014, the Achieving a Better Life Experience (ABLE) Act allows individuals with disabilities to open tax-free savings accounts to pay for disability-related expenses without impacting current or future eligibility for resource-based benefits. This means that individuals can now save more than $2,000 in their name.

First National Bank is the proud program manager for the Enable Savings Plan. We are honored to offer this plan to individuals with disabilities and their families nationwide.

To qualify, an Eligible Individual of any age – children, transition-aged youth, and adults – with an eligible disability can open an Enable Savings Plan account at any time, if the eligible disability exists at the time an account is opened, and the onset of the disability was prior to the individual’s 26th birthday.

1The earnings portion of a withdrawal not used for Qualified Disability Expenses are subject to federal and state tax and may be subject to a 10% federal tax.

Enable Savings Plan features:

  • An eligible individual of any age – children, transition-aged youth or adult – can open an account, if the onset of the disability was prior to the individual’s 26th birthday
  • Money in an Enable account can be used to pay for qualified disability expenses including basic living expenses and things like education, housing, transportation, assistive technology, etc.
  • Simple selection of four investment options including checking and bank savings options
  • Anyone can contribute to an account – family, friends, a trust or estate, partnership, association, company or corporation

The Enable Savings Plan (the "Plan") is sponsored by the State of Nebraska and administered by the Nebraska State Treasurer. The Plan offers a series of investment portfolios within The Nebraska Achieving a Better Life Experience Program Trust (the "Trust"). The Nebraska Achieving a Better Life Experience Program Trust serves as Issuer. The Plan is intended to operate as a qualified savings program to be used only to save for qualified expenses, pursuant to the Achieving a Better Life Experience Act of 2014 and Section 529A of the U.S. Internal Revenue Code.

An investor should consider the Plan’s investment objectives, risks, charges and expenses before investing. The Program Disclosure Statement at www.EnableSavings.com, which contains more information, should be read carefully before investing.

Investors should consider before investing whether their home state offers any state tax or other benefits that are only available for investments in such state’s qualified ABLE program and should consult their tax advisor, attorney and/or other advisor regarding their specific legal, investment or tax situation.

This material is provided for general and educational purposes only, and is not intended to provide legal, tax or investment advice, or for use to avoid penalties that may be imposed under U.S. federal tax laws. This material is not an offer to sell or a solicitation of an offer to buy any securities. Any offer to sell units within the Plan may only be made by the Program Disclosure Statement relating to the Plan.

Participation in the Plan does not guarantee that contributions and the investment return on contributions, if any, will be adequate to cover future expenses, or that an account owner is eligible to participate in the Plan.

Except for the Bank Savings and Checking Account Options, investments in the Enable Savings Plan are not guaranteed or insured by the FDIC or any other government agency and are not deposits or other obligations of any depository institution. Investments are not guaranteed or insured by the State of Nebraska, the Nebraska State Treasurer, the Nebraska Investment Council or First National Bank of Omaha or its authorized agents or their affiliates, and are subject to investment risks, including loss of the principal amount invested. FDIC insurance is provided for the Bank Savings Option up to the maximum amount set by federal law, currently $250,000.

The Nebraska Achieving a Better Life Experience Program Trust Issuer
Nebraska State Treasurer Trustee
Nebraska Investment Council Oversight
First National Bank of Omaha Program Manager
First National Capital Markets, Inc. Distributor, Member FINRA, SIPC
First National Capital Markets and First National Bank of Omaha are affiliates.

Investments Are Not FDIC Insured* | No Bank, State or Federal Guarantee | May Lose Value
*Except the Bank Savings and Checking Account Options