Investing in Kids and Country

Yet another Trump innovation that will be paying off long after he leaves office. The Fourth of July was not only a day to celebrate our country’s independence. It marks the date of a new kind of investment account for children of citizens who are under 18 and who have Social Security account numbers. The Trump Accounts (530A accounts) are a brilliant idea. Often compared to “starter IRA accounts,” the children are the owners of the accounts, which are to be managed by a responsible adult -- guardian or parent. Funds in these accounts must be conservatively invested in U.S....