"Down's syndrome never holds me back. We're spreading happiness through socks." 🧦
Meet John, the 21-year-old entrepreneur, making his millions selling crazy and colourful socks. bbc.in/2EHV4Zs
(Via BBC Money)
ABLE Act Improvements (see: TCJA 2018 §§11024 and 11025)
o An ABLE Act beneficiary who earns income from a job may save up to the Federal Poverty Level, which for 2018 is pegged at $12,060, in addition to their annual contribution limit of $15,000 (new amount for 2018). This only applies however if they are not covered by a workplace retirement plan.
o An ABLE Act beneficiary may now receive a rollover from a traditional §529 ("Qualified Tuition Plan") into a §529A account, but still must adhere to the annual contribution limit of $15,000 (for 2018). This allows individuals who may have been saving for their child's college tuition, which is now no longer needed, to roll-over up to the maximum contribution each year until the §529 account has been depleted. ... See MoreSee Less