As part of President Donald Trump’s
pitch to the nation on affordability and a provision of Trump’s tax legislation, Trump Accounts are meant to give $1,000 to every newborn of parents who open an account. That money is then invested in the stock market by private firms, and the child can access the money when they turn 18. This new tool and benefit stands in addition to 529 savings plans, as another tool for long-term savings for children.
