A 529A of an ABLE account permits which of the following benefits?

A 529A of an ABLE account provides tax-deferred growth on the funds contained within the account. This means that any earnings generated within the account are not subject to income tax as long as they remain in the account and are used for qualified disability expenses. The tax-deferred growth feature is particularly beneficial for individuals with disabilities, as it allows their savings to grow over time without the burden of annual taxation on the investment income.

The other options are less accurate in the context of what a 529A account offers. For instance, while funds in an ABLE account can be accessed, they are specifically intended for qualified expenses associated with disability, not for immediate personal use. Tax-free withdrawals are applicable, but only for specific qualified expenses rather than for all types of expenditures, and earnings are not taxable if used correctly, so the idea of taxable growth on earnings contradicts the purpose of an ABLE account. Thus, the correct understanding focuses on the advantages of tax-deferred growth that a 529A provides for the beneficiary's qualified expenses.