In many ways, Trump accounts are IRAs, just with specific allowances and restrictions before age 18. 529 accounts are specifically designed for educational expenses. Education Savings Accounts have been around since 1998. Other accounts to consider are the Uniform Gift to Minors Act (UGMA) or the Uniform Transfers to Minors Act (UTMA).
In many ways, Trump accounts are IRAs, just with specific allowances and restrictions before age 18. 529 accounts are specifically designed for educational expenses. Education Savings Accounts have been around since 1998. Other accounts to consider are the Uniform Gift to Minors Act (UGMA) or the Uniform Transfers to Minors Act (UTMA). ♬ Glow - nimino
