Why MAGA Savings Accounts Have Families Talking
Kiplinger recently spotlighted a new GOP proposal for “MAGA Savings Accounts”—a potential policy designed to expand tax-advantaged savings for families. While the legislation remains in early stages, the conversation has sparked real interest in how parents can better prepare for the future.
Regardless of what Congress ultimately decides, one fact remains clear: families want financial tools that are simple, flexible, and built for long-term success.
UNest already offers what these new proposals aim to deliver.
- Tax-advantaged savings made simpleUNest offers UTMA accounts, allowing parents and guardians to invest on behalf of their children in a tax-advantaged way. Unlike 529 plans, which are restricted to education expenses, UNest accounts can be used for anything from college to starting a business to helping with a first home.
- Built for today’s familiesThe promise of MAGA Savings Accounts is appealing, but it’s still just a proposal. UNest is already available nationwide, giving families real solutions to grow wealth, build security, and invest in their children’s futures—starting today.
- Consistency over politicsPolicies change. What doesn’t change is the power of starting early and staying consistent. UNest empowers families to set up recurring contributions or take advantage of UNest Rewards.
- Real flexibility for real goalsWhether it’s higher education, buying a car, or launching a dream, UNest savings are built for a wide range of outcomes—not just those defined by government policy.
In times of political uncertainty, families can feel powerless. But UNest helps you take control by giving you the tools to make smart financial decisions—regardless of what’s happening in Washington.
It’s your child’s future. Don’t wait for Congress to catch up. 📲 Take control today. Start saving with UNest.
Don't just take our word for it
Hear what trusted money experts say about why UTMA and UGMA accounts can be a smart way to invest for a child’s future.
There are some tax advantages to using UGMA and UTMA accounts… Since they’re in your child’s name, the accounts will be taxed according to their tax bracket… There are no contribution limits on UGMA and UTMA accounts.
Dave Ramsey
Personal Finance Expert
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Investing for your kid’s future
Dave Ramsey
Personal Finance Expert
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...you could consider opening an account where you can dive deeper with the kids by your side. The easiest way to do so is to open a custodial account, known as an UGMA ... or UTMA ... account.
Jill Schlesinger
Emmy winning Business Analyst
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Straightforward “starter” investing account for kids
JILL SCHLESINGER
Emmy winning Business Analyst
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You can give children money that can accumulate somewhat tax-free over time... I love them (UTMAs) because they were like, trusts that you didn't need lawyers to create.... I think it's one of the better tax breaks around though. I know hunting for tax breaks may not sound very exciting, but that's how you take care of your family.
Jim Cramer
CNBC Host
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Give children money that can accumulate over time
Jim Cramer
CNBC Host
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