Becoming a grandparent for the first time is a special experience. And if you're well-off, you may be eager to start supporting your grandchild from the moment they enter the world.

Even if you're a seasoned grandparent, some rules may have changed since your last grandchild was born. Moreover, you may wish to invest in a Trump Account — just launched in mid-2026.

Here are five account options to consider, along with their respective benefits, drawbacks, and potential tax implications.

From just $107.88 $24.99 for Kiplinger Personal Finance

Become a smarter, better informed investor. Subscribe from just $107.88 $24.99, plus get up to 4 Special Issues

CLICK FOR FREE ISSUE

Sign up for Kiplinger’s Free Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

1.…