Any child under the age of 18 in the U.S. with a valid social security number can open a Trump Account starting next year, leading financial advisors to start fielding questions from clients on how ...

There are other options for saving for college, including regular savings or investment accounts, but 529s allow money to ...

The 529 plan must be open for at least 15 years. You cannot convert 529 contributions made within the past five years (or the ...

529 funds must be converted by paying the amount directly to a Roth IRA — you can’t pay yourself and then deposit the money into the Roth IRA later. You can contribute to a Roth IRA only if you have ...

Deciding what gift to give a child for holidays, birthdays, graduations and other gift-giving occasions can be challenging.

Parents who put money into their children’s “Trump Accounts” might face a headache come tax time: Even the smallest ...

Adam Palasciano is a writer over three years of experience writing about personal finance, investing, student loans, and more, for outlets like GOBankingRates, FinanceBuzz, The Penny Hoarder, and Wall ...

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

Key Points ・529 plans are no longer just for college degrees. New federal rules allow 529 plan withdrawals for credentialing, ...

They come with the promise of free money and financial stability—but don’t forget to read the fine print. That’s the takeaway from financial advisors on so-called “Trump accounts,” in light of this ...

A 529 plan is a tax-advantaged savings account designed to help families pay for qualified education expenses. These plans are sponsored by states, state agencies, or educational institutions, and the ...