Saving for College with a 529 Savings Plan
Does saving for your children's college have you worried? In this episode of Making Cents of Money, we introduce you to 529 plans: how they work, how they differ from other types of saving accounts, what options are available in Illinois, and how you can use the money without incurring penalties.
Featuring two special guests from the Illinois Treasurer's Office:
Fernando Diaz, Chief Financial Product Officer
John Mitchell, Director of College Savings
Resources mentioned in the episode:
- Sign up for Bright Start: brightstart.com
- Sign up for Bright Directions: brightdirections.com
- You may also sign up by calling (877) 432-7444 between 7 am and 7 pm on Monday through Friday
You can also check out Bright Start on Facebook & Twitter.