Illinois State Treasurer Frerichs Thanks Lawmakers for Passing Bill Allowing Leftover College Savings Funds to Be Used for Retirement
May 17, 2024
May 17, 2024
SPRINGFIELD, Illinois, May 17 -- Illinois State Treasurer Michael Frerichs issued the following news release on May 16, 2024:
Illinois Treasurer Michael Frerichs today thanked the General Assembly for passing his legislative initiative to 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 concerns parents have is what can b . . .
Illinois Treasurer Michael Frerichs today thanked the General Assembly for passing his legislative initiative to 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 concerns parents have is what can b . . .