This year, the 4th also brought the launch of a new federally-created savings account for kids called the “Trump Account”. A Trump Account is a custodial retirement investment account for newborns and children up to the age of 18. The advantages of the Trump Accounts are greater for some situations than they are for others. Trump Accounts don’t avoid taxation the way Roth or 529 accounts can. In my opinion, the best part of the Trump Accounts is that they may convince more families to start saving money earlier.