The ABLE Act: Please Write Your Legislator

Normally I wouldn’t do this, but I urge you to write your state senator and state representative and ask them to support the Achieving a Better Life Experience (ABLE) Act.  It is legislation that directly supports parents and relatives of children with special needs.  It has already been passed at the national level but needs to pass at the state level to be fully implemented.

If you are not aware, in December 2014, the US Congress created subsection (f) of  Section 529 of  the Internal Revenue Code to allow the ABLE Act to follow all the requirements and regulations of a traditional 529 qualified tuition program.  This simply means that parents or relatives can contribute $13,000 yearly toward a child with special needs and that money can grow tax-free and be withdrawn tax-free for assistive technology, health expenses, transportation expenses, education expenses, and many other needs.

In addition, funds from tradition 529 plans can rollover to ABLE plans and vice versa.  For instance, if your gifted child gets into a car accident at 16 years and suffers severe brain damage, you will not be penalized for the money you saved for the college expenses.  If the ABLE Act passes, you will be able to use those funds to help make your child’s disabled life a little more comfortable.  Or you may have a child that is mentally capable but physically challenged.  Now you can pay for college as well as for mobility assistance.  And it’s all tax-free.

Please write your senator or represenative or even the President of the United States at the link that follows: http://capwiz.com/state-al/home/

01 Write Your Senator

5 Tips for Full-Time Workers Who Go Back to School

Grad SchoolBeing a student—whether in high school, college, or grad school—can be challenging.  It can be even more challenging if concurrent full-time employment is involved.  And furthermore challenging if marriage and parenthood is involved.  However, even with all of those challenges, reaching your goal of gaining more education is still achievable—you just need a few tips to get you over the hump.

(1) Move to 2nd or 3rd Shift

Maybe don’t do this forever, but definitely try it while you are in school.  I have worked with several people who have done this, and it made taking traditional classes a lot more feasible.  Also, most people who work on off shifts get paid a little more than their dayshift counterparts because of the perceived inconvenience.  One man’s inconvenience is another man’s treasure.

(2) Take Online Classes or Weekend/Evening Classes

If you’re pretty much stuck on dayshift or irregular shifts, try taking online courses or weekend/evening courses.  Not only does this potentially give you more flexibility, it also keeps your employer from getting annoyed with all of the personal time off (PTO) you are using to attend classes during traditional daytime hours.

(3) Make the Most of Downtime

Do you have a 10 minute work break? Write flashcards.  Do you take a 60 minute lunch period? Read your textbook.  Is your baby asleep? Start a term paper.  Did your husband go to the home improvement store? Take a practice test.  Downtime is precious.  If you notice that you have some, make the most of it.

(4) Become a 7 Year Senior

Streeeeeeeetch out your time in school.  If you have a pretty decent job and can pay the bills, slow your academic pace so that you can spend more time with your family and friends.  Being able to socialize and stay connected may help the grunts of hard work be a little easier to bare.

(5) Utilize Employer Tuition Reimbursements

With the stress of working a job and going to school, money is the last thing many people want to worry about.  That’s why it’s good to check to see if your employer offers tuition assistance.  This will greatly decrease your financial burden and may help you sleep easier at night.  Better sleeping equals better reaping.

What are some other success tips not listed?