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Trump Accounts vs. 529 plans: comparing savings options for kids

Original: Trump Account vs. 529 plan: Which is best for your child's future?

Families weighing new Trump Accounts against traditional 529 college savings plans are comparing tax benefits, investment rules and how the money can be spent. Trump Accounts, created under recent tax legislation, offer federal seed contributions for children born in specific years, while 529 plans remain geared toward education costs with state tax breaks. Advisers say the best choice depends on a family's income, state and goals.

Why now: New Trump Accounts were recently created by tax legislation, prompting families to compare them with established 529 plans.

Trump Accounts529 plansYahoo Finance

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• Trump Account vs. 529 plan: Which is best for your child's future? · Yahoo Finance

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