Summary
Parents often juggle rising education costs and uncertainty about future learning paths, and the article explains how two key tools aim to help: 529 plans and new “Trump accounts.” It highlights that 529 plans remain the most established option, offering tax-free growth and withdrawals for qualified education expenses, now expanded to cover K–12 costs, tutoring, and even job training. Trump accounts, introduced more recently, give children a government-funded starter deposit and flexible savings that can be used for education, housing, or retirement-related goals. However, they come with less clarity and stricter rules. The article urges families to view Trump accounts as supplemental and to rely on 529 plans as the core education savings strategy.
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