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Is a Trump Account Worth It for My Newborn?
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FCT News
Hey Taylor — My sister keeps telling me I need to open one of these new Trump Accounts for my son since he was born this year.
I don’t really understand what it does or if it’s worth the trouble.
The short version is that it’s a long-term investment account for kids, and for many families, it can be worth a look.
If you’re already putting money toward a savings account or a 529, it can help to think about how this one might fit alongside those rather than replace them.
Setting up an account for your son doesn’t have to take long, and the possibility of free money attached can make the paperwork feel more than worth it.