A new government-backed investment account is now available for many children, starting with a $1,000 contribution.
At first glance, it sounds like an easy win for families. But as with many financial products, the details matter.
Here, I explain who qualifies for a Trump Account, how the account works, tax rules that many parents don’t know about, and the questions you should ask before contributing additional money.
Understanding the fine print today could help you avoid costly surprises tomorrow.
