Dossier
529 plan
Coverage of 529 plan in the Nexus archive.
- Trump accounts: What parents need to know about the new savings program
Trump Accounts, a new tax-advantaged IRA program starting in July, provides families with a $1,000 initial balance to save for children's futures. Parents with children under 18 can open accounts, with seed money available for children born between 2026. The program combines features of 529 plans and traditional IRAs, allowing funds to be used for various financial goals, and projections suggest significant growth by retirement.
- Trump's 'big beautiful bill' turned 529 plans into 'lifelong education' accounts, expert says: How to take advantage
New rules under Trump's 'big beautiful bill' have expanded 529 plans to 'lifelong education' accounts, allowing funds to cover career training, certifications, licensing fees, and continuing education costs.