Finn

This calculator is a handy tool for Illinois residents looking to optimize their 529 college savings, especially if you are bringing over a large balance from out of state. It clearly breaks down the upfront savings of choosing a direct-sold plan over an advisor-sold one, and calculates exactly how many years you should spread your rollover across to maximize your state tax deductions. Keep in mind that the tool applies a flat upfront advisor fee to your entire transfer; in reality, some advisor plans offer fee discounts or waivers for large rollovers, so you will want to verify those exact terms before making a final decision. Overall, it is a great starting point for keeping more of your college funds working for you.

Reviewed v26.8.6