Thomas P. DiNapoli,
State Comptroller

Woman standing at her kitchen stove, her back is to the camera. She has a full prosthetic left leg. She is wearing a black short-sleeved shirt and jean shorts. The tidy kitchen has black counters, white cabinets and white wall tiles.

Let’s start saving.

So, who can open a NY ABLE account?

An illustrated, outlined family in a red circle. The daughter is highlighted to signify an eligible individual. An illustrated, outlined family in a blue circle. The mother is highlighted to signify an eligible individual’s parent or guardian. An illustrated, outlined individual wearing a dress shirt and tie inside a teal circle. There is a text box coming from the individual with a scale inside, signifying an Authorized Individual.

A NY ABLE account can be opened by:

  • An Eligible Individual
  • Someone selected by the Eligible Individual
  • A person granted power of attorney on behalf of the Eligible Individual (also called an Authorized Individual)

If an Eligible Individual lacks the legal capacity to open his or her own NY ABLE Account, an account may be opened on his or her behalf by an agent under power of attorney or, if none, by any of the following, listed in order of priority

  • A conservator or legal guardian
  • Spouse
  • Parent
  • Sibling
  • Grandparent
  • A representative payee appointed for the Eligible Individual by the Social Security Administration (SSA).

First, you’ll need a few things.

Gather the eligible individual’s:

Next, choose your investment option.

Remember, NY ABLE has several investment options, from aggressive to conservative, an FDIC-insured Savings Option and an FDIC-insured Checking Option.

Finally, make your contribution of as little as $25.

Using payroll deduction? Get started with as little as $15.

Open An Account