Trump Accounts vs 529 Plans Explained | Dayton News

Dayton News Today | 2 Min News | The Daily News Now! · Jul 6, 2026 · 1m

Trump’s new “Trump Accounts” give kids under 18 a $1,000 government deposit—part of a 250th anniversary push—with 1.4 million kids born during his second term set to benefit. Eligible kids need a Social Security number and were born between 2025–2028. While great for early investing, experts say it’s not a 529 plan replacement: Trump Accounts grow tax-deferred but taxed on withdrawal, while 529s offer tax-free growth for education. Best to use both—Trump Accounts for long-term wealth, 529s for college. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn…