Treasurer Roby Smith is excited to announce fee reductions for five of seven investment options for IAble (Iowa’s Achieving a Better Live Experience) account owners. The already low-cost program now has lower fees from the previous record-lows set in 2022. IAble accounts provide eligible individuals with a disability an opportunity to have professionally managed investment options at
affordable rates.

“I know how crucial an IAble account can be to helping individuals with disabilities save for their expenses,” said Treasurer Smith. “This announcement is a step in the right direction as we work to provide professionally managed accounts for those who need them.”

Investment options for the Aggressive, Moderately Aggressive, Growth, and Moderate investment. options fell to $3.00 (0.30%) per $1,000 invested and the Conservative option fell to $3.30 (0.33%) per $1,000 invested. The Moderately Conservative and Money Market investment options remain at $3.10 (0.31%) and $3.60 (0.36%) per $1,000 invested, respectively.

IAble, administered by Treasurer Smith, provides individuals with disabilities and their support system a way to save money while maintaining crucial benefits for federally means-tested programs such as Supplemental Security Income (SSI) and Medicaid.

Funds from IAble accounts can be used tax-deferred to cover qualified disability expenses like assistive technology, support services, medical bills and more. For more details about IAble, review thePlan Disclosure Booklet at www.iable.gov .

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