3 Alternatives to a Trump Account That Will Yield More Savings for Your Child

With the recent news about Trump Accounts, some American families are wondering if this is the best option to grow savings for their kids. The accounts, a provision of President Donald Trump’s tax legislation, are designed to give $1,000 to every newborn whose parents open them. The money in Trump Accounts is invested in the stock market by private firms, and the child can access the money when they turn 18. That means the money could compound for decades to come and potentially reach six figures by retir ...