Is a Trump Account Right for Your Family?

Should I open a Trump account for my child? How does it compare to other savings options?

Whether the accounts make sense for your family depends on your goal for the money and personal circumstances. Dreamstime/TCA

By Beth Braverman From Kiplinger’s Personal Finance

Americans will celebrate the 250th birthday of the country this July Fourth, but some families may also be celebrating something else: the launch of the Trump Account, a new, tax-advantaged investment vehicle for children.