Bright Start Receives Elite Gold Rating From Morningstar!
Here’s what Morningstar had to say about Bright Start in October 2018:
“Illinois’ Bright Start Direct-Sold College Savings Program became a topnotch plan following a complete overhaul in July 2017.” “Hands-off investors can invest confidently in either of the plan’s two types of age-based portfolios.” “Both types of age-based portfolios have strong investments under the hood.” “In addition to Vanguard index funds, the Multi-Firm series includes 15 actively managed strategies run by well-regarded asset managers, such as BlackRock, DFA, Dodge & Cox, and T. Rowe Price.” “Investors can also select from a robust lineup of 16 individual options–Gold-rated Vanguard Total Stock Market Index and Silver-rated DFA US Large Cap Value joined the lineup in August 2018–to create custom portfolios.” “The revamped plan boasts low fees. The Index series’ expense ratios range between 0.12% and 0.15%, making it one of the least expensive age-based options.” “Illinois’ state tax deduction on contributions ($10,000 individual/$20,000 joint) adds appeal for residents, but nonresidents may also find the plan compelling.”Morningstar Names Best 529 College Savings Plans for 2018
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