What are Trump Accounts for kids? Trump Account offers $1,000 seed money for some, but advisors say they may not fit every family

other options for saving for their children. She cited Illinois’ 529 college savings plans as one alternative, noting that withdrawals from a 529 account are not taxed in Illinois, while withdrawals from a Trump Account are taxed.

“If you take $10,000 out of a 529 you have $10,000. If you take $10,000 out of a Trump account, you might have $7,500,” continue reading …