Hello. CalABLE equips you to save for the future while protecting eligibility for public benefits.
The risk of losing public benefits coupled with the high cost of support expenses has, in the past, limited members of the disability community from building financial security. But with a CalABLE account, your investment earnings are tax-free when withdrawals are used to pay for disability-related expenses.
As State Treasurer, I am devoted to ensuring California’s most worthy and vulnerable citizens have the same opportunity to achieve financial stability as those without disabilities. With over 9,000 accounts and nearly $90 million in assets as of 12/31/22, CalABLE is already changing the way people with disabilities plan and save for their financial futures.
Beginning in 2026, newly passed legislation raises the eligibility age from the onset of disability before age 26 to age 46. CalABLE and the Legislative Affairs team are already hard at work to ensure that federal and state law are aligned by the time this change goes into effect.
My team and I are dedicated to ensuring every California citizen has equal opportunity to dream, plan, and succeed. Through CalABLE, we are achieving that vision.
In peace and friendship,
Fiona Ma, CPA
California State Treasurer
F-2690532C-O0123W
