New Trump Accounts In addition to these changes to 529s, the bill simultaneously established Trump Child Accounts. These are a new type of tax-deferred savings plan to which parents and grandparents ...

As part of the reconciliation budget bill that President Trump signed on July 4, children under the age of 18 will be eligible to have a Trump account opened for them, starting a year from now. Here’s ...

The payments, part of the new domestic policy law, are for U.S. citizens born this year through 2028. The idea is that the ...

As a new mom, planning for my daughter’s future is top of mind. Before opening a savings or brokerage account, I asked ...

Alan Cole, senior economist at the Tax Foundation, ranked Trump accounts as “the sixth or seventh best” tax-free savings ...