529 vs. Trump Account: Which “Tax-Free” Bucket Should You Fill First?
As a fiduciary financial advisor, the question I am asked most often this quarter is: “Where should I put the next dollar for my child’s future?” For years, the answer was almost always the 529 College Savings Plan. However, with the full rollout of the 530A Trump Account under the One Big Beautiful Bill Act […]
The “Trump Account” Era: How the New 530A Account Changes Saving for Your Kids
For decades, the “gold standard” for saving for a child’s future was the 529 plan. But as we move into the second half of 2026, a new player has entered the field: the 530A Account, more commonly known as the “Trump Account.” Introduced under the One Big Beautiful Bill Act (OBBBA), these accounts are fundamentally […]