529 college savings plan
Coverage of 529 college savings plan in the Nexus archive.
- Trump Accounts draw 6.5 million sign-ups, but some families are still waiting on the promised $1,000 funding
Trump Accounts, a tax-advantaged investment program for children under 18, have 6.5 million sign-ups, with 1.5 million eligible for $1,000 seed funding for babies born from 2025 to 2028. However, some parents report delays in receiving the promised funds, despite the program's launch in July 2024.
- As the president touts Trump Accounts, some families are still waiting for baby’s $1,000
President Donald Trump promotes Trump Accounts, which provide $1,000 in seed money for children born during his second term, but some parents report delays in receiving the funds. The accounts, created through a tax and spending bill, aim to give children investment opportunities, though critics note uneven access. The Treasury Department reports 6.5 million sign-ups, with 1.5 million eligible for the $1,000 incentive.
- Trump Account vs. 529: Which is more beneficial for children?
Financial experts advise against replacing 529 college savings plans with Trump Accounts. The article compares the benefits of Trump Accounts and 529 plans for children's savings.