Parents Weigh New Trump Accounts for Newborns

Parents can now contribute to Trump Accounts, which provide a $1,000 government-funded investment for eligible children born between 2025 and 2028. While these funds could significantly boost long-term equity market investments and reshape U.S. family financial planning, financial advisers still generally favor 529 plans for education savings. Currently, questions remain regarding the tax treatment, withdrawal rules, and future investment options associated with these newly launched government-seeded investment accounts for newborns.