Illinois State Treasurer Michael Frerichs Pushes for Law Allowing Leftover College Savings Funds to Be Used for Retirement Savings
Change Would Allow 529 Rollover into Roth IRAs CHICAGO – Illinois Treasurer Michael Frerichs today urged state lawmakers to approve a bill that would allow parents who don’t use all the money in their Illinois 529 College Savings Accounts (Bright Start and Bright Directions) to roll over the funds into a Roth IRA. “One of the most common questions we get is what can you do with the Bright Start money you have saved if your child ends up not…
