Wildwood School is taking part in the CLYNK for Schools Recycling Challenge and we need your help! With CLYNK, we’re able to host an easy and convenient bottle drive, and all funds raised will support our school. For every $1 raised in the Challenge period, January 14 – March 22, 2019, our school will get an added 50 cents thanks to Hannaford Supermarkets. Plus, we’ll have the opportunity to compete for other cash prizes. Last year’s winners raised an average of $1,500 for their school.
Today, I am proud to announce a new savings and investment program for New Yorkers with disabilities.
The NY ABLE Program allows New York State residents with disabilities to save money for their disability-related expenses without the risk of losing benefits from assistance programs like Supplemental Security Income (SSI), Social Security Disability Insurance (SSDI) and Medicaid.
NY ABLE also provides tax advantages. Earnings on accounts can grow tax-free if funds are used for qualified disability expenses when withdrawn. Investment options can provide short-term or long-term savings based on the account owner's objectives, and a checking account and debit card can be used for convenient access to funds as needed.
To be eligible, an individual must be a New York State resident with a disability that was present before age 26 AND:
be eligible for SSI or SSDI; OR
be classified as blind; OR
have a significant disability documented by a physician; OR
have a disability that is included on the Social Security Administration’s Compassionate Allowances List.
One account per individual is permitted. Anyone can contribute to an individual's NY ABLE account. The maximum net contribution is $14,000 per year and the maximum account balance is $100,000.
For more information, including details regarding the terms and conditions of the NY ABLE program, go tomynyable.org or call our toll-free number (1-855-5NY-ABLE) weekdays from 8 AM to 8 PM.
We appreciate your assistance in getting the word out about this important, new program. Thank you.
