One year ago, the One Big Beautiful Bill Act created a new savings vehicle for children: the Trump Account. As of July 4, 2026, these accounts are open for contributions, and the IRS reported nearly six million elections to establish them even before contributions began. For parents and grandparents, the natural question is where this new account fits alongside the two vehicles families have relied on for decades, the 529 education plan and the UTMA custodial account.