One of the most marketed elements of the new OBBA is the creation of 530A Bank Accounts, branded as “Trump Accounts.” It is important to note that there is a provision to allow these accounts to be open but they are not available for contributions until July 5th, 2026. When they do come on, it’s important for parents to make the most informed decision when planning for their children’s future and putting them in the best position to meet long-term goals.