5 days ago
Trump accounts vs. 529 plans: Saving for your child's future
Included in President Trump's so-called "big, beautiful" tax and spending bill are investment accounts for newborns, being dubbed "Trump accounts" or "MAGA accounts" that create new, tax-advantaged accounts with $1,000 for each child born from the beginning of 2025 through the end of 2028.
Yahoo Finance Personal Finance Editor Molly Moorhead comes on Wealth to judge the best method to save for your child's future and education, comparing the proposed Trump accounts with 529 savings plans.
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