Illinois State Treasurer’s Office News Releases
April 2, 2024 – Treasurer Frerichs Encourages Families to Save for College, Receive Free Admission to Peoria PlayHouse Children’s Museum Saturday, April 6
Read MoreApril 2, 2024 – Treasurer Frerichs Encourages Families to Save for College, Receive Free Admission to Peoria PlayHouse Children’s Museum Saturday, April 6
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 going to college, gets a scholarship, or you have leftover…