Should You Get A Trump Account For Kids? | Fidelity Investments

529s, UGMAs/UTMAs, Roth IRAs for kids, and now the new Trump Accounts. With so many options for saving for children, how do you choose which accounts to open—and where to put your money? To help you decide, Ken Hevert, Head of Self Directed Investing at Fidelity, offers an account hierarchy for building a strong financial foundation for your child. He also demystifies how Trump Accounts work, how to set up a Trump Account, and how to capture a “baby bonus” if you’re eligible. 00:00 What is a Trump Account? 00:44 How do Trump Accounts work? 02:12 Other ways to save for children 02:44 When to consider a 529 account for education savings 03:56 General savings accounts to consider for my child 04:51 Retirement savings accounts to consider for my child 05:53 Ways to teach my child about investing 06:32 What to know about Trump Accounts 07:16 How to set up a Trump Account for my child 07:51 When to consider a Trump Account for kids 08:40 Key takeaways Questions? Drop them below 👇 and we’ll reply right in the comments. Save and invest for your child’s future We have a variety of accounts to help you prepare for your child’s goals. https://www.fidelity.com/investing/in... Stay in the know Get the latest about Trump Accounts, including when you can transfer an account to Fidelity. https://www.fidelity.com/retirement-i... Trump Accounts: A new way to save for kids https://www.fidelity.com/learning-cen... Fidelity Viewpoints Landing Zone Timely insights from our pros on markets and more. https://www.fidelity.com/learning-cen... • To see more videos, subscribe on YouTube:    / fidelityinvestments   • Follow Fidelity on Reddit:   / fidelityinvestments   • Follow Fidelity on Instagram:   / fidelityinvestments   • Follow Fidelity on TikTok:   / fidelityinvestments   • Follow Fidelity on Facebook:   / fidelityinvestments   • Follow Fidelity on LinkedIn:   / fidelity-investments   • Ask Fidelity on X:   / fidelity   Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917 1255047.2.0 #SavingForKids #InvestingForKids #AccountsForKids #FinancialEducation #PersonalFinance