Wacinque AK BeMende ⋅ White Sands Missile Range, NM U.S. Army Reserve, Sergeant First Class ⋅ 40 years served

Innovation, ABLE ACT is a crack in a paradigm that has existed for over 50 years. Yes it currently only applies to a specific group. But that paradigm shift can reach a broader group with modification. ABLE ACT allows the building of assets that previously was not allowed, those individuals and families can now think and act differently about building and using assets. Thank You for your assistance

William Orr ⋅ Greenwood, IN Edward Jones Investments ⋅ 4 years experience

The ABLE act is applicable to those with disabilities and grants a tax shelter which does not affect an individual's qualification for federal and state disability benefits. I'm not sure where this would apply to the poor specifically; those who do not possess a disability. IDAs cover those folks.

I would recommend reaching out to your state universities there in NM. Present the economics department with your hypothesis and, perhaps you'll find an advocate.

Wacinque AK BeMende ⋅ White Sands Missile Range, NM U.S. Army Reserve, Sergeant First Class ⋅ 40 years served

Hello Mr Orr

You are very familiar with all the classical asset building tools, The traditional tool for the poor has been the IDA account. IDA accounts are tax supported. My innovation is not a TAX supported design, it is completely philanthropic supported. It is a design using equities with methods that are available today, the platform via Transfer Agents already exists just not currently used to assist the poor or really as a broadbased method for anyone. Due to the passage of the ABLE ACT asset restrictions have been lifted which provides the legal foundation for these type of accounts for the poor. So in summary GPIA will be matched equity accounts. A study is needed to create demonstration accounts and provide the academic proof for the concept. There are more details to the concept but this BIG picture is the idea. Matched Equity accounts not TAX supported. NOT a new type of Loan program/product!!

Wacinque
575-650-8728

Barron Evans ⋅ Ann Arbor, MI Customer Experience Change Management ⋅ 30 years experience

Once you answer Bill Orr's query, and have a crisp way of characterizing it, I'd post the offer on LinkedIn (assuming you have a profile already) - and ask for interested parties to contact you via the LinkedIn communication channel. Millions of professionals look at that daily; if there's interest, it will surface! Good luck... and thank you for your service.

William Orr ⋅ Greenwood, IN Edward Jones Investments ⋅ 4 years experience

Define 'asset building'.