‘Trump Account’ or 529? Money Managers Weigh the Pros and Cons

They come with the promise of free money and financial stability — but don’t forget to read the fine print.

That’s the takeaway from financial advisers on so-called “Trump accounts,” in light of this week’s announcement that billionaires Michael and Susan Dell will donate $6.25 billion to build on the program.

Under the initiative, created as part of President Donald Trump’s One Big Beautiful Bill Act, the government will automatically seed an account with $1,000 for each child born between 2025 and 2028. Meanwhile, the Dells’ gift will go to the Treasury Department and will fund accounts for an additional 25 million children ...