Personal finance: Saving for a child with disabilities – The Seattle Times

Re: “Preparing for retirement, and a child’s special needs” [Sept. 4, Your Money]:

The reprinted New York Times article doesn’t mention an important resource for Washington residents: The Washington ABLE Savings Plan. This program allows parents and other family members to fund a special type of account for a child with disabilities to use for their living expenses or medical needs.

Funds in these accounts, up to $100,000, are exempt from the asset means testing requirement for Medicaid and certain other low-income programs. The plans are easy to set up, without the added expense of attorney fees.

More information is available at WashingtonStateABLE.com

John Russell, Seattle

Letters editor If you would like to share your thoughts about this letter or on other issues, submit a Letter to the Editor of no more than 200 words to be considered for publication in our Opinion section. Send to: letters@seattletimes.com

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