Trump accounts, created in July 2025, are a new tax-advantaged account for children. Investors saving for college should know how they compare to 529 accounts.

Trump accounts are a new savings and investing plan created by the US government for children. Treasury Secretary Scott Bessent said Trump accounts could help children become millionaires by age 28.

The One Big Beautiful Bill Act (OBBBA), enacted in July 2025, brought a wave of tax changes. Permanent tax brackets, updated standard deductions, and itemized deduction modifications got the attention ...

College tuition keeps climbing. A four-year degree for today’s newborn could cost well over $200,000 by the time they enroll. A 529 plan grows tax-free, and the right one adds low fees or state tax ...

529 education savings plans are powerful tools to help pay for the mounting costs of an education. Yet some people hesitate to use them. One common concern is oversaving. You can only use 529 funds ...

State 529 accounts let you invest money for educational purposes and the balance grows tax-free. Withdrawals are tax-free as well as long as they're used to pay for pre-school, high school or college.

Forbes contributors publish independent expert analyses and insights. I write about investing, retirement, & workplace savings plans. When most people hear “529 plan,” they immediately think of ...