A New Education Savings Face Off: The Trump Account Vs. The Updated 529 Plan

The enhanced 529 account is a flexible, tax-free education savings plan, while the “Trump Account” is a government-seeded starter IRA aimed at long-term retirement with limited, taxable education benefits. Unlike the “Trump Account,” money in a 529 account also can cover costs for professional programs, including earning and maintaining CFP® certification.

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