Trump Wraps 3-Hour Cobb School Visit With Minimal Traffic Delays

Q: Are 'Trump Accounts' a better college savings tool than a 529 plan if the withdrawals are taxed?

No. For college savings, a 529 plan is generally the stronger tool. The key reason is taxes. A 529 is built for education: investment gains grow tax-free, and withdrawals are tax-free when used for qualified education expenses. By contrast, Trump Accounts are structured more like a traditional IRA for minors. The money grows tax-deferred, but withdrawals are generally taxed as ordinary income. For education use, they may avoid the 10% early-withdrawal penalty, but the tax bill still applies. That makes Trump Accounts less efficient for paying college costs. If a family’s main goal is tuition, fees, room and board, and other qualified expenses, a 529 usually preserves more of the investment return. Trump Accounts are broader-purpose accounts, allowing use for education, a first home, or a business, but that flexibility comes with weaker education-specific tax treatment. Trump Accounts do have advantages. Eligible children born from 2025 through 2028 can receive a $1,000 federal seed contribution, and employers may add tax-free contributions up to the program limit. Fees are capped low, and the accounts may help families who otherwise would not invest at all. That can make them a useful supplement. But as a pure college savings vehicle, experts generally favor a 529. A practical approach for many families is to treat a 529 as the main education account and use a Trump Account as an additional long-term savings tool, especially if the child qualifies for the federal seed money.

3 articles · Updated · The Atlanta Journal Constitution · Jul 23

Around 5:30 p.m., traffic around Wheeler High School and Dobbins Air Reserve Base had largely returned to normal after Trump departed metro Atlanta.
Trump landed at Dobbins shortly before 2:30 p.m., spoke at Wheeler High about 30 minutes later, left the school just before 5 p.m. and was airborne again before 5:30 p.m.
The visit centered on Trump Accounts, a new children's savings program that took effect July 4, with the school stop serving as the public rollout in Cobb County.
Security measures briefly tightened the area — including a 2-nautical-mile flight restriction around Dobbins until 5:30 p.m. and temporary motorcade disruptions on local roads.
The Georgia stop also came amid a broader political trip in which Trump rallied Republicans and attacked Democratic Sen. Jon Ossoff ahead of November's Senate race.