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About CalABLE

Opening an account

Getting started with CalABLE is fast and easy. We’ll ask for some information about the beneficiary, the qualifying disability, and how the account will be funded. To complete the setup, you’ll customize your account and make decisions about the money you deposit.

You’ll need to make an initial deposit of at least $25 to get started and a $1 minimum for any contribution after that. You can save money in a cash option and/or invest it in any of the program’s investment options. The choice is up to you.

Picking an investment option

There are eight types of financial portfolios to pick from:

  • Income Portfolio

  • Conservative Portfolio

  • Income and Growth Portfolio

  • Balanced Portfolio

  • Conservative Growth Portfolio

  • Moderate Growth Portfolio

  • Growth Portfolio

  • FDIC Insured Portfolio

Each investment option has its own benefits and limitations. CalABLE provides a mix of options so you can find the one that is the right fit for you.

Learn more about your investment options

Adding money

With the online platform powered by Vestwell, adding money to your account is simple and intuitive. Your bank account is securely connected to the CalABLE account to protect your information. You can add money whenever you want, even as little as $1 at a time, to help you reach the $18,000 yearly maximum.

There are a number of ways you can build your savings, including:

  • One-time contributions

  • Recurring contributions

  • Savings Boosters

  • SSA direct deposit

  • Payroll direct deposit

  • ABLE to Work

  • Gifting

  • Tax credits

Learn more about contributions

Using your account

Just log into your account and request a withdrawal amount. The withdrawal can be sent to your bank account, electronically loaded on to your ABLE Visa® Prepaid Card, or you can request a paper check made out to the ALR or beneficiary for a small fee. You can transfer a minimum of $5 online from your CalABLE account to your bank account. 

Fees

There are minimal costs associated with maintaining your account. An annual fee of $30 per year is deducted in quarterly installments from each CalABLE account. There are also low fees on the underlying investment options plus a state administrative fee. Additional fees are applied to your account if you opt out of electronic statements or request a withdrawal check, instead of doing everything online.

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Sign up and start saving

Once you are ready to enroll, you can set up your account here online. When opening a CalABLE account, make sure you have ready identifying information about the beneficiary, the qualifying disability, and how the CalABLE account will be funded.

Create your account

Events

Find out about the upcoming events for CalABLE.

View events

Still have questions?

You can contact us online, give us a call Monday through Friday, at 1-833-225-2253 from 6am–5pm PT, or you can browse frequently asked questions.

Individuals with speech or hearing disabilities may dial 711 to access Telecommunications Relay Service (TRS) from a telephone or TTY.

Go to FAQs

Consider the investment objectives, risks, charges and expenses before investing in the California 529A Qualified ABLE Program (CalABLE Program). Please call toll-free 833-Cal-ABLE (833-225-2253) or read our Program Disclosure Statement (PDF) containing this and other information. Read it carefully.

Before investing in any ABLE program, you should consider whether your home state provides its taxpayers with favorable state tax or other benefits that are only available through investment in the home state's ABLE program. You also should consult your financial, tax, or other adviser to learn more about how state-based benefits (or any limitations) would apply to your specific circumstances. You also may wish to directly contact your home state's ABLE program, or any other ABLE program, to learn more about those plans' features, benefits and limitations. State-based benefits should be one of many appropriately weighted factors to be considered when making an investment decision.

The CalABLE Program is offered by the State of California. Vestwell State Savings LLC is the program manager. Vestwell Advisors LLC is the investment advisor registered with the Securities and Exchange Commission.

None of the State of California, its agencies, Vestwell State Savings LLC or Vestwell Advisors LLC nor any of their applicable affiliates insures accounts or guarantees the principal deposited therein or any investment returns on any account or investment option, and you may lose the principal amount invested. They also do not provide legal, financial, tax, or investment advice to any individual. The FDIC-Insured Portfolio is FDIC-insured up to $250,000, subject to certain restrictions. Interests in the CalABLE Program are not registered with or in any way approved by the Securities and Exchange Commission or by any state securities commission.

The Plan Web site is for informational purposes only, and does not constitute an offer to sell or solicitation of an offer to buy any security that may be referenced on the site. Such offer or solicitation can be made only through the Disclosure Statement.

The Plan Web site contains links to other Web sites. Neither the Plan nor Vestwell State Savings LLC and its affiliates are responsible for the content of those other Web sites. The accuracy of information on those sites cannot be confirmed.

The Prepaid Card is issued by Sunrise Banks N.A., St. Paul, MN 55103, Member FDIC, pursuant to license from Visa U.S.A., Inc. This card can be used everywhere Visa debit cards are accepted. Use of this card constitutes acceptance of the terms and conditions stated in the Cardholder Agreement.

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