Missouri Treasurer Promotes MO ABLE Accounts in Springfield
Missouri State Treasurer Vivek Malek visited Springfield to promote MO ABLE accounts, a program designed to help individuals with disabilities invest money without losing vital government assistance.
Springfield, MO, October 1, 2026 —
Missouri State Treasurer Vivek Malek recently visited Springfield to raise awareness for the MO ABLE program. This state-sponsored initiative aims to provide financial tools for individuals with disabilities, enabling them to save and invest funds without jeopardizing crucial government benefits.
The MO ABLE (Achieving a Better Life Experience) accounts are designed to offer a safe way for people with disabilities to build savings. Contributions to an ABLE account can grow tax-free, and withdrawals used for qualified disability expenses are also tax-free. A key feature of the program is its protection of essential government support, such as Supplemental Security Income (SSI) and Medicaid, which can often be reduced or terminated if an individual’s savings exceed certain limits.
Treasurer Malek’s visit to Springfield was part of an ongoing effort to highlight the benefits of these accounts across the state. The program seeks to empower individuals with disabilities by offering greater financial independence and security. The specific details of the treasurer’s visit, including the date or any specific events held, were not provided.
The MO ABLE program is accessible to individuals who are blind or have a physical or mental disability that began before the age of 26. It allows for savings up to a certain limit, with funds intended for use on disability-related expenses, including housing, transportation, education, and healthcare.
Further information about eligibility and how to open an account is available through the Missouri State Treasurer’s office.
Story summarized from the original created by Christopher Replogle on www.ky3.com, see more information here.
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