Showing posts with label #AssetPoor. Show all posts
Showing posts with label #AssetPoor. Show all posts

Thursday, May 15, 2025

๐Ÿ’ฐ IMSPARK: Veterans with Wealth, Thanks to ABLE Accounts ๐Ÿ’ฐ

 ๐Ÿ’ฐ Imagine... Veterans with Wealth, Thanks to ABLE Accounts ๐Ÿ’ฐ

๐Ÿ’ก Imagined Endstate:

A future where every disabled veteran has access to wealth-building tools like ABLE accounts—empowering them to build assets, preserve independence, and break generational cycles of poverty.

๐Ÿ“š Source:

Military.com. (2025, April 1). How ABLE Accounts Can Help Veterans and Military Households Save Money on Taxes. Link.

๐Ÿ’ฅ What’s the Big Deal:

ABLE accounts are not just financial instruments—they are instruments of economic justice ⚖️. For disabled veterans and their families, these tax-advantaged accounts are designed to ensure basic financial security, not enrichment ๐Ÿ›ก️. Too many veterans fall into the category of being asset poor”able to survive month to month but lacking the long-term resources to weather crises or invest in their futures ๐Ÿš️.

The true power of an ABLE account is in what it protects: access to public benefits like Medicaid and SSI while still allowing veterans to own assets, save income, and invest in their futures ๐Ÿฆ. Without tools like this, veterans with disabilities risk being trapped in a poverty cycle that punishes savings and discourages independence ๐Ÿ’ธ. The tragedy is not just economic—it is generational ๐Ÿ‘จ‍๐Ÿ‘ฉ‍๐Ÿ‘ง, affecting spouses, caregivers, and children.

Being a veteran should not mean a life sentence of economic fragility. Wealth is not a luxury—it is a shield ๐Ÿ›ก️. The means to wealth is asset ownership ๐Ÿ’ผ. Policies that help veterans accumulate even modest savings are vital acts of recognition and repair for the sacrifices they’ve made ๐ŸŽ–️. ABLE accounts offer one pathway toward that future—but we must expand access, raise awareness, and ensure that no service member's family is left behind ๐Ÿซฑ๐Ÿฝ‍๐Ÿซฒ๐Ÿพ.


#VeteranWealth, #ABLEAccounts,  #AssetPoor, #DisabledVeterans, #EqualityMatters,#GenerationalWealth, #WealthIsProtection, #VeteranEquity, #IMSPARK

๐ŸŒŠ IMSPARK: Pacific Resources, Pacific Decisions ๐ŸŒŠ

 ๐ŸŒŠ Imagine... Pacific Resources, Pacific Decisions  ๐ŸŒŠ ๐Ÿ’ก Imagined Endstate: A Pacific where the stewardship of ocean resources is led by ...