Trump accounts offer a new tax-preferred way for families to save money for their kids. Here are the pros and cons.

Here’s what to know about the “Trump accounts.” Established as part of the One Big Beautiful Bill Act signed earlier this ...

A savings account for youngsters can introduce them to the idea of putting money away and even help them learn about concepts like compound interest. They can deposit money from birthdays, holidays, ...

The accounts are like an early investment fund for children. Parents and others may contribute up to $5,000 a year into the accounts until the child turns 18. An employer may contribute up to $2,500 ...