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What happens in the event of death or disability of the beneficiary?

In the event that your beneficiary dies or becomes disabled, you can withdraw the funds in your account. Please note, the earnings portion (not the amount you contributed) of this withdrawal is subject to federal income tax. However, you will not be charged the additional 10% federal penalty tax. You also have the ability to roll your Embark funds into an Oregon ABLE Savings Plan account for a beneficiary experiencing a disability or an eligible family member, without being penalized.

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Related FAQs
How do I adjust my investment portfolio?

There are two ways to change your account's investment choices: selling your portfolio and reinvesting in a new one, or redirecting contributions into a new portfolio type.

How often can I make changes to my investment allocations?

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.

Can I re-balance the asset allocation in my Embark account?

No, you cannot rebalance the asset allocation in your individual portfolio(s), but you can tweak your overall investment options up to twice a year.

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