FAQs
Answers at your fingertips
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- About ABLE
- Account Management
- Additional Tax Benefits and Penalties
- ALR
- Banking and Investments
- Contributions and Withdrawals
- Eligibility
- Getting Started with ABLE
- Gifting
- Prepaid Card
- Recurring Contributions
- Rollover
- Successors and Estates
- Tax Credit
- Can I make regular repeat contributions?
- Anyone who contributes to someone’s Hawai'i ABLE gifting page can set up recurring contributions—for birthdays, holidays, or just because—and save their information in a convenient gifting profile to streamline future gifting. How to set up recurring gifts: Create a gifting profile while... Read more
- How can I make changes to my gifting page?
- You can easily find your unique URL to share, customize your goal, update your allocation choices, and view gifting activity online at any time. Log in to your Hawai'i ABLE account Select “Manage” in the bottom left corner of the gifting tile on your dashboard If you would like to turn off your... Read more
- Are there any contribution limits?
- Yes. There's a minimum $25 contribution to open an Hawai'i ABLE account, and then any subsequent transactions — including contributions, withdrawals, bank transfers, and gifts — need to be at least $5 each. Individual online contributions are capped at the annual ABLE contribution limit for the... Read more
- How do I make contributions to my account?
- It’s easy to contribute to your Hawai'i ABLE Savings Plan account. You can make online contributions at any time and set up recurring monthly transfers for as little as $5 each time when you connect your bank account. You can also set up payroll direct deposits through your employer. If you prefer... Read more
- How do I set up automatic contributions?
- It’s easy to set up automatic monthly contributions from your bank account (or multiple accounts) into your Hawai'i ABLE account. You can securely link your account in the online portal and make adjustments to your contributions as needed. Plus, you can contribute as little as $5 each time. Follow... Read more
- How do I manage existing automatic contributions?
- If you need to edit or remove your account’s automatic contributions, simply sign into your account, click the “Transfers” link at the top of the page, and then select “Manage.” You can delete and re-enter a new desired contribution amount and edit the frequency or day of the month the contribution... Read more
- How do I set up Weather Boosters?
- The first of our new Savings Boosters to launch is the Weather Savings Booster. When you opt in, you can make an automatic contribution to your Hawai'i ABLE Savings Plan every time there's greater than a 50% chance of rain, hail, sleet, or snow predicted in your location according to... Read more
- How do I choose an investment option?
- When setting up your Hawai'i ABLE Savings Plan account, you can save money in a cash option, investment option, or both. The choice is up to you. If you decide to invest all or some of the money, there are three investment options to choose from: ABLE Conservative, ABLE Moderate, and ABLE... Read more
- How do I change my investment options?
- When you create a Hawai'i ABLE Savings Plan account, you'll have a chance to choose which portfolio you want to contribute to. Review your investment options here to see what's available. There are two ways to change your account's investment choices: You can sell your portfolio and invest the... Read more
- How often can I make changes to my investment allocations?
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You can only sell off a portfolio to buy a new option twice per calendar year. However, you can start contributing to a new, additional portfolio, as many times as you'd like.
