What are ABLE accounts and how can they help disabled folks save money?
On episode 548 of the Queer Money Podcast, hosts John and David welcome back Brynn Conroy, founder of Femme Frugality and Disability Finance. They discuss the challenges Americans face in qualifying for social security disability benefits and how the system often forces poverty. Conroy delves into the details of ABLE accounts, designed to help those with disabilities achieve a better quality of life by offering tax advantages and allowing savings without jeopardizing benefits like SSI and SSDI. The conversation also touches on the impact of ableism in the workplace, systemic issues, and how the pandemic has strained systems for people with disabilities. Conroy provides insights from her lived experience and emphasizes the importance of financial education and legislative advocacy for improving disability finance.
Topics Discussed
- 00:00 Introduction to Social Security Disability Benefits
- 00:46 Welcome to Queer Money Podcast
- 01:45 Introducing Brynn Conroy and Disability Finance
- 04:47 Challenges Faced by Disabled Individuals
- 06:56 Understanding Disability Definitions and Models
- 19:15 Income and Asset Restrictions for Disabled Individuals
- 23:30 Political and Social Issues Surrounding Disability
- 26:37 The Impact of ADAPT on Disability Laws
- 27:13 Understanding ABLE Accounts
- 29:04 ABLE Accounts and Inheritance
- 29:58 Medicaid Payback and Trusts
- 31:20 Housing Benefits of ABLE Accounts
- 31:58 Challenges and Resources for Disability Finance
- 35:51 Expanding Eligibility for ABLE Accounts
- 37:49 Disability in the Queer Community
- 42:23 Real-Life Benefits of ABLE Accounts
- 45:26 How to Open an ABLE Account
- 47:42 Global Perspectives on Disability
- 49:33 Final Thoughts and Resources
For the resources and to connect with our guests, get the show notes at: https://queermoneypodcast.com/subscribe
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