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Parents Consider New Trump Accounts for Newborns

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2026-07-05 12:50:12
Parents can now start contributing to newly launched Trump Accounts that include a $1,000 government-funded investment for eligible children born between 2025 and 2028, according to Bloomberg.

Bloomberg’s Sarah Foster said financial advisers still generally favor 529 plans for education savings, while questions remain about the new accounts’ tax treatment, withdrawal rules and future investment options.
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