Trump Accounts for Kids: Should You Open One, or Are There Better Options?

July 9, 2026

Here’s what we discuss in this episode:

💰 Trump Accounts – Understanding the new $1,000 government-funded investment account

🎓 529 Plans – Why they're still the gold standard for education savings

📈 Roth IRAs for Kids – The power of decades of tax-free compounding

🎁 Grandparent Strategies – Building wealth while teaching financial responsibility

🧩 Choosing the Right Mix – Matching the account to your family's goals

A brand-new savings option is making headlines: Trump Accounts. Eligible children could receive a $1,000 federal investment to jump-start their financial future, but does that make it the best place to save? For parents and grandparents, don’t focus on whether these are good. Instead, let’s determine whether they're the right tool for your family's goals.

In this episode of Legacy Beyond Wealth, Rob breaks down how the new Trump Accounts compare to 529 plans, Roth IRAs for kids, and UTMA/UGMA custodial accounts. We’ll explain the strengths and limitations of each option and how building consistent investing habits may be even more valuable than choosing the perfect investment vehicle. Understanding these accounts now will help you take full advantage of the opportunity, but also get you thinking more about the best ways to save for your child’s future.

Go inside the episode:

0:00 – Intro

1:13 – What are the Trump Accounts?

2:26 – Replacing the 529 plan?

3:23 – Why all the headlines

5:08 – Roth IRA

6:55 – What should grandparents know

9:00 – UTMA & UGMA accounts

10:36 – How we help someone decide where to invest