NYT
Why 529 Accounts Make More Sense for Investing Than Trump Accounts
Sunday, July 26, 2026
A 529 education savings account and a Trump account (also called a UTMA or UGMA custodial account) serve different purposes. 529 plans offer tax-free growth when funds are used for qualified education expenses, while Trump accounts allow broader investment flexibility with fewer restrictions on how money can be spent. Financial advisors often recommend 529 plans for families whose primary goal is education funding due to the tax advantages, though individual circumstances vary.
Original reporting: https://www.nytimes.com/2026/07/26/your-money/trump-accounts-529s-investing.html