Southern Maine Advisory Council on Transition
WHEN: FRIDAY, March 4, 2022 TIME: 1:00 – 3:00
Due to the pandemic this meeting will be held via ZOOM. Join Zoom Meeting:
Join Us for SMACT’s March Meeting Presentation
“Maine ABLE Accounts”
Presenters: Elizabeth Lincoln and her staff at Bangor Savings Bank
Living with a disability is often associated with significant amounts of extra costs. That’s why
individuals and families can now contribute to ABLE accounts — tax-advantaged accounts that
can fund disability expenses without impacting means-tested benefits eligibility. The Maine
ABLE program, ABLE ME, is established and maintained by the Maine State Treasurer and
administered by Bangor Savings Bank under applicable law. ABLE accounts are tax-advantaged
accounts for individuals with disabilities and their families. ABLE Programs were created as a
result of the passage of the Stephen Beck Jr. Achieving a Better Life Experience Act of 2014,
better known as the ABLE Act. Come hear about the eligibility and details of the program and
have a chance to ask questions. FMI: https://www.bangor.com/able-home
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Thank you all for doing such wonderful work on behalf of students!