Real Personal Finance

← Real Personal Finance3. Sept. · 24 Min.

Everything You Need to Know About Trump Accounts

Everything You Need to Know About Trump Accounts3. Sept.24 Min.

Curious about your retirement savings? Our How Much Do I Need To Retire? quiz gives you an idea of where you stand and a starting point to think about your long-term planning. — Most savings accounts for kids sit in low-yield cash or come with restrictions on how the money can be used. With the rollout of the new "Trump account,” a tax-deferred savings vehicle for minors that allows parents, grandparents, employers, and friends to contribute a combined maximum of $5,000 annually. But is...