The One Big Beautiful Bill Act of 2025 introduced Trump Accounts, a new tax-advantaged savings opportunity designed to help children build long-term wealth. These accounts offer potential benefits for parents and grandparents, including a one-time $1,000 government contribution for eligible children born between 2025 and 2028. This report examines how Trump Accounts work, their potential advantages and limitations, and how they may complement existing strategies such as 529 plans, Roth IRAs, custodial accounts, and taxable investment accounts.