How Often Can You Adjust Investments in Able Account for Success

To achieve success with an ABLE account, you can adjust your investments as often as you like, but it's essential to consider the impact of frequent changes on your overall strategy.

ABLE accounts have a high contribution limit, allowing you to contribute up to $15,000 per year, and also offer a tax-free growth of investments.

However, it's recommended to review and adjust your investment portfolio at least once a year to ensure it remains aligned with your goals and risk tolerance.

This annual review can help you rebalance your portfolio and make adjustments as needed to stay on track for your long-term objectives.

You can adjust your investments in an Able account as often as you want, with no penalties or fees for frequent changes.

In fact, Able accounts allow you to make trades as frequently as once a day, giving you flexibility to respond to market changes.

The minimum account balance required to trade is $100, but you can deposit or withdraw funds at any time, allowing you to adjust your investment portfolio as your financial situation changes.

You can also set up automatic investment plans, which can be adjusted at any time to suit your changing needs.

This feature allows you to invest a fixed amount of money at regular intervals, helping you to take advantage of dollar-cost averaging and reduce the impact of market volatility.

You should regularly review your ABLE account to ensure you're on track to meet your goals. This includes checking your progress, savings, and investment choices.

To make adjustments, you can move assets to different investment options twice per calendar year. You can also change your investment options for any new contributions at any time.

If you receive a benefit based on need, it's essential to closely monitor your account. This includes all activity, prepaid card transactions, and money transfers.

Some ABLE plans offer a dashboard to help you manage your account in one place. This can be helpful if you like to see all activity on a website.

To make adjustments to your investment options, you can use the Systematic Exchange Program, which allows you to move money from one investment option to another over time.

The Aggressive Investment Option is designed for long-term growth, but you can choose the investment option that best fits your needs.

Here's a summary of the frequency of adjustments you can make to your ABLE account:

You can move assets to different NY ABLE investment options twice per calendar year.

This flexibility is a big plus, especially when your financial situation or goals change.

You can change your investment options for any NEW contributions at any time.

This means you can adjust your strategy as needed, without affecting existing investments.

You can move money from one investment option to another over a period of time through our Systematic Exchange Program.

This program allows you to gradually shift your investments, rather than making a sudden change.

The Aggressive Investment Option seeks long-term growth, which can be a good choice if you're willing to take on some risk in pursuit of higher returns.

Here are some key facts about changing investments in your NY ABLE account: