College Savings

Parents who don’t use all the money in their Illinois 529 College Savings Accounts (Bright Start and Bright Directions) are now able to roll over the funds into a Roth IRA under Illinois Treasurer Michael Frerichs’ plan that was signed into law . “This will give parents another option when deciding what to do with the money they’ve saved for their children if they don’t use all of it,” said Treasurer Frerichs, who thanked Gov. JB Pritzker for signing the legislation and State Sen. Steve Stadelman and State Rep. Diane…