Missouri Treasurer Eric Schmitt was in Kansas City Tuesday to promote MO ABLE, a new savings program for people with disabilities.
“Look, when my son was born, we opened up a college savings account. You have all those hopes and dreams,” says Schmitt. “Emotionally, psychologically, that’s tough for families.”
Schmitt's 12-year-old son is nonverbal on the autism spectrum.
The tax-advantaged accounts function similarly to Missouri’s 529 college savings plan and can be used to pay for assistive technology and long-term care.