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Kiplinger
Kiplinger
Business
Sravani Atluri

529 Plans Beat Trump Accounts for College Savings, But It Makes Sense to Have Both: Here's Why

Girl with two pink piggy banks.

Trump Accounts went live on July 4, and parents have been signing up ever since. The pitch is easy to like.

Any child under age 18 with a valid Social Security number can have a Trump Account established on their behalf. Eligible children born between January 1, 2025, and December 31, 2028, who are U.S. citizens can get a $1,000 contribution from the federal government.

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