July 6, 2026 - 20:42

Some families plan to use the accounts as a supplement to existing 529 plans, while others see them as a way to introduce children to investing early. "We are putting in a small amount each month and letting our kids watch the balance grow," said one parent in Ohio. "It is a teaching tool as much as a savings vehicle."
Critics warn that market volatility could eat into gains, especially for families who cannot afford to lose principal. Financial advisors suggest treating the accounts as a long-term play, not a short-term cash grab. With enrollment open, the real test will be whether families stick with the strategy through market ups and downs.
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Avoiding Costly Errors When Naming Retirement BeneficiariesRetirement accounts now hold more than $30 trillion in assets, according to the Investment Company Institute, as 401(k) plans and IRAs have largely replaced traditional pensions for most private...
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