Trump Accounts offer families a new way to begin investing for children at an early age, including a $1,000 federal contribution for eligible newborns. We look at how these new accounts work, where they may fit alongside 529 plans and other savings vehicles, and how families can use them as part of a broader approach to building wealth across generations.

The end of the year is great time for reflection and relaxation, particularly during the holiday season. It’s also a great time to do a little bit of planning. In this article, we offer our ideas for high impact planning you can do in the coming weeks, spanning estate planning, investing, taxes, and more.