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Topic: children

A piggy bank with coins
Personal Finance
Thursday, 7/16, 01:31 PM

What a Trump Account Is, and How It Stacks Up Against a 529

  • Trump Accounts, the new government-backed savings accounts for children, come with a one-time $1,000 federal deposit for babies born in 2025 through 2028.
  • They are a real perk, but they are also more restrictive than they first sound.
  • Here is how they work and where they fit next to a 529 or a custodial IRA.

children — news and stories on this topic

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