Thinking About Work
Saving for Home, Education, or Business
Review all the work incentives and see which ones can benefit your family member, for example, if s/he uses the PASS, funds can be set aside by Social Security Administration which always go into a separate account. These extra funds could be used to save for important items such as education, training costs, and supplies to meet a specific, approved, work goal.
Individual Development Accounts are valuable tools when working towards a financial goal such as savings for a home or education.
Learn more about IDAs and how these accounts vary from state to state.
Individual Development Accounts (IDA) and Plans to Achieve Self Support (PASS): Exploring the Opportunities
Includes information about IDA and PASS, as well as examples about how PASS affects one’s SSI benefits and a comparison of both IDA and PASS.