Trump account is a non-deductible Traditional IRA for kids with no earned income. It isn’t as good as a custodial Roth IRA, a 529 plan, or a UTMA account.
The Best Broker For a Custodial Roth IRA For Your Kid
If your kids work, seize the opportunity to open a custodial Roth IRA for them. See how to do it at Vanguard, Fidelity, and Charles Schwab.