Baby Savings Accounts vs. Child Savings Accounts Baby savings accounts and child savings accounts are essentially the same. By law, a minor can’t open a savings account.

A central piece of the "One Big Beautiful Bill," introduced by President Trump and now moving through Congress, proposes a $1 ...

Trump Accounts are a marked improvement from the baby bonuses floated last year. Most fundamentally, Trump Accounts reflect a ...

Parents can contribute up to $5,000 per year per kid into a Trump Account. This figure will be indexed to inflation starting ...

Almost every baby born in America would get a $1,000 tax-deferred investment account under the proposed program.

Trump Accounts would be a boost for all children, experts say. Saving early and allowing compound growth do its magic is key.

How Trump Accounts stack up While the so-called Trump Account offers a new way to kickstart savings for the next generation, it’s not without trade-offs.

President Donald Trump signed into law the new tax bill, which includes the Trump accounts for newborns born over the next ...

WASHINGTON — Republican lawmakers made a last-minute change to the baby savings plans in their budget bill, changing the name from “MAGA accounts,” which stood for “Money Account for ...

Retirement Planning This living topic covers essential information on retirement planning and savings specifically for Baby Boomers. It includes guidance on required minimum distributions (RMDs ...

Editor’s Note: Since this story was published, the Senate introduced a number of changes to how “Trump accounts” would work, including the structure of the accounts, who can contribute ...