CalABLE Supports Financial Security and Independence for People with Disabilities
What is CalABLE?
CalABLE is California’s tax-advantaged savings and investment plan for people with disabilities. CalABLE allows beneficiaries to save up to $19,000 a year in eight professionally managed portfolios, and investment earnings spent on qualified expenses are tax free. Additionally, beneficiaries who receive Supplemental Security Income (SSI) can save up to $100,000 while maintaining SSI benefits. Accounts can be opened and managed by the person with the disability or by their representative. With a CalABLE account, you can save for the future and prepare for a lifetime of financial independence.
Who is eligible for CalABLE?
Eligible individuals:
Have a blindness or disability that began prior to age 26* (but the account can be opened at any age)
Have a social security number or tax identification number (US citizenship is not a requirement)
Have a US permanent address that is not a PO box
How eligibility is determined:
The beneficiary receives SSI (Supplemental Security Income) or SSDI (Social Security Disability Insurance) based on blindness or disability
OR
The beneficiary has a disability included in the Social Security Administration’s Listing of Impairments or list of Compassionate Allowances Conditions
Account holders can open an account on their own if they have legal capacity, or someone can open one for them as an Authorized Legal Representative (ALR). For more information about ALRs, please visit our ALR page.
*Beginning January 1, 2026, the age of onset requirement will increase to allow individuals with a disability that began before age 46.
How much does it cost to open an account?
There is no fee to open an account – accounts can be opened with an initial contribution of at least $25. [MC1]
How can I learn more about CalABLE?
More information about CalABLE can be found online, including information about fees and expenses. Please note that the CalABLE website and program disclosure statement are currently available only in English and in Spanish, and the online account portal is available only in English.
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) which includes important information about the program. 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 makes any representation or guarantees about the performance of any investments offered by the Program. All investments have risk 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 Program website and all content provided to you relating to the program is for informational purposes only, and does not constitute an offer to sell or solicitation of an offer to buy or recommendation of any security, investment, or strategy. Such offer or solicitation can be made only through the Disclosure Statement.
The Program website contains links to other websites. Neither the Plan nor Vestwell State Savings LLC and its affiliates are responsible for or have independently verified 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.