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Trump Accounts, Custodial Accounts, and 529 Plans: What To Know and How To Choose

Alex Michalka, Ph.D

May 26, 2026

Compounding over time is one of the most powerful ways for investors to grow their wealth, and starting this summer, parents will have an additional way to harness 18 years’ worth of it to help their children get ahead. Trump Accounts are expected to launch on July 4, and they offer a new way to save for your kids’ futures. If your child is born between 2025 and 2028, you’ll get $1,000 in seed funding to help them start building wealth. But Trump Accounts are also not the only option when it comes to helping your kids get a strong financial start in life.

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