Our 5yo son has reached the level where it appears we are best suited to transition to an ABLE 529 as he now has an IEP, is in a modified kindergarten with special services (OT/PT etc), and has an autism spectrum diagnosis. We had originally opened a very small standard 529 however this was minimally funded as we did not have much left over to add and we were unsure how schooling would ultimately go. It appears that we are now qualified for an ABLE style account as a result which looks to have much broader uses. Does anyone have experience with the IL ABLE 529? Is it easy to get funds in/out of? I held off thus far as the fund fees (.25-.30) and yearly fee of about 30$ made it expensive for the small <500 amount thus far however his grandmother mentioned giving him an unknown amount before the end of this year for college or similar. He has a few shares of MCD stock that she had gifted him at birth in a regular brokerage account, however I would consider selling those and transitioning it into the 529 ABLE as well on his behalf since the uses are less restrictive from what I can tell in reading and the wiki etc. Any input on how well the IL 529 ABLE works or other advice would be appreciated. Sorry if I left anything useful out just rushing this idea through before the end of the year as his grandmother just mentioned the idea and I didn't want to add it to the original 529 if this seemingly better alternative was available (even though it appears you can transition it to an ABLE account relatively easily from what I can tell). Thanks in advance!
Statistics: Posted by dalbright — Fri Dec 12, 2025 4:19 am — Replies 0 — Views 2