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

Garcia said.

Trump Accounts also differ from 529 plans in other ways. Contributions are capped at $5,000 per year, and investments are limited to low-cost U.S. stock index funds managed by Bank of New York Mellon and Robinhood.

U.S. Rep. Sean Casten, D-Ill., criticized Robinhood’s involvement, saying the company has previously faced settlements related continue reading …