The IRS is reminding parents to be on the lookout as new information becomes available. The new accounts offer a one-time government contribution of $1,000 and is tax-differed.

Trump Accounts—created under the One Big Beautiful Bill Act—are aimed at helping children build financial assets from an early age.

The Achieving a Better Life Experience (ABLE) Act of 2014 allows states to establish an ABLE program to assist persons with disabilities in building up tax – free (or in some cases tax – deferred) accounts to pay for qualified disability expenses. The accounts established under the ABLE program must meet the requirements of Sec. 529A.

As a financial advisor, I focus a great deal of strategy on helping clients manage their tax liabilities. You can’t dodge Uncle Sam, but you can ease some of the angst created by paying taxes with a better understanding of retirement account options and ...