CalABLE helps parents build financial security and independence for children with disabilities
Find out how easy it is to save and invest for your child today!
What is CalABLE?
CalABLE is a tax-advantaged savings and investment tool for people with disabilities. With a CalABLE account, you can save for the future and prepare your child for a lifetime of financial independence.
Your child and their savings should grow together, and CalABLE can help. Build for tomorrow today - open a CalABLE account and set your child up for financial success.
CalABLE empowers parents
You can plan, save, invest, and spend to help your child thrive. Use our ABLE Visa® Prepaid Card to access funds anywhere, manage expenses, set allowances, and teach your child financial literacy.
CalABLE is flexible
You have access to funds at any age, anytime, and you can use CalABLE savings for healthcare, education, housing, travel, technology, and other qualified expenses.
CalABLE is a lifelong tool
It's easier than ever for you to manage money for your child, and the account stays with them. As they transition into adulthood, they can continue using CalABLE to save up to $100,000 without risking public benefits.
With CalABLE, your child and their savings can grow together
Afford the things your child needs and dreams of
Housing, medical needs, education, travel, technology, and adaptive items are just a few of the ways to use your child’s money.
Have up to $100,000 without risking benefits
A CalABLE account can help supplement your child’s benefits as they grow with a way to save for qualified expenses and long-term goals.
Save and invest tax-free
Earnings and withdrawals to pay for qualified expenses are tax-free. CalABLE can help you save and pay for your child’s needs today, while growing a nest egg for their future.
Build a portfolio that meets your needs
CalABLE offers eight options for savings and investments, so you can find the one that is the right fit for your child and their goals.
Have the flexibility you need to care for your child at any age
You can save for the future while knowing you can access the funds for qualified expenses at any time, even before your child turns 18.
Anyone can contribute
You can create a gifting page for your account so family and friends can contribute easily online.
Add and withdraw money easily
You can do everything digitally with your CalABLE account. Set up direct deposits, pay for things with an ABLE Visa® Prepaid Card, and more!
“Dylan got a bigger wheelchair. And then we found out it doesn't fit in our car. We realized that we had money saved in CalABLE, so we sold our old car and used the money in our CalABLE account to have extra money to buy a bigger, nicer car. It fits his wheelchair amazingly.”
Ashley Mannheim
Parent / Authorized Legal Representative and
CalABLE Ambassador
"Having a CalABLE account will help Tyler finally save money for all his medical and living expenses while also teaching him how to plan long-term for his career and future, just as you and I are able to do. The CalABLE program opens the door to life's possibilities for Tyler."
Angelina Neglia
Parent / Authorized Legal Representative and CalABLE Ambassador
"I want Amelia to have money in her name, like her brothers already can. A CalABLE account helps prepare her for living life on her terms, and even her great-grandma can help her save."
Kelly Kulzer-Reyes
Parent / Authorized Legal Representative
How much does it cost to open an account?
There is no fee to open an account – you'll just need at least $25 for your initial deposit. Additionally, some minimal fees apply to all accounts. That's all it takes to start saving!
Additional Resources
If you are almost ready to open an account, but still have some questions, we encourage you to check out these resources.
We made it easy to find answers to all of your questions. You can also download a fact sheet here!
Watch a video featuring account holders (and their parents!) sharing how saving and investing with CalABLE has changed their lives.
Our ambassadors bring us into their daily lives, showing us how CalABLE has given them and their loved ones more financial security and independence.
CalABLE 101
We cover the basics in this information-packed webinar.
Webinar in English (48 min)
En Español (82 min)
Learn about the eight different savings and investment portfolios that CalABLE offers, and how you can use your savings goals and risk tolerance to make informed decisions regarding your investments.
Visit us on our socials
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) (opens in a new window) 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.
Master Services Agreement (Cardholder Agreement)( opens in a new window ) | Sunrise Banks Privacy Policy
Anyone with a qualifying disability that began before age 26 is eligible for a CalABLE account, and you can open the account at any age.
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 most children under 18, a parent or guardian serves as the ALR, but this depends on personal circumstances. An ALR can be someone who meets at least one of these criteria (in the following order of priority):
- Is selected by the eligible beneficiary (if they have legal capacity)
- Has Power of Attorney
- Is a conservator or legal guardian
- Is a spouse, parent, sibling, or grandparent
- Is a representative payee (individual or organization) appointed by the Social Security Administration
What you'll need to get started:
- Your email address
- The account holder’s birthday and your birthday
- The account holder’s Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN)
- Your SSN or ITIN
- Your home address (fun fact: you can join CalABLE from any state!)
- Your work status (which will not be used to determine eligibility)
We'll email or text you with more information about CalABLE, a savings and investment tool for people with disabilities. You can opt out at any time!
Is my child eligible?
Parents love CalABLE!
More about CalABLE
A CalABLE account is a tax-advantaged savings and investment account for people with disabilities offered by the state. It helps people take charge of what they can save and how they can spend it without losing their eligibility for certain public benefits like Supplemental Security Income (SSI).
Typically, people with disabilities are at risk of losing benefits like SSI if they have more than $2,000 in their bank accounts. But with a CalABLE account, SSI recipients can save up to $100,000 – 50 times the standard limit. The funds in a CalABLE account can be used for qualified disability expenses, offering individuals greater financial independence and security.
CalABLE is the fastest growing ABLE program in the United States. Today, more than 12,000 people have trusted CalABLE with their savings and investments. Setting up an account is fast and easy – all it takes is a few minutes to start saving and planning.
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