The race to build generational wealth is starting younger than ever. Families now have a growing menu of ways to invest for their children. Choosing the right vehicle matters, as the wrong one can mean missed tax breaks, reduced financial aid, or giving a teenager control of a large sum before they’re ready for it.

• Start by claiming the free $1K Trump account contribution if eligible, but hold off on adding extra money until you’ve weighed other options.
• Next, consider a 529 plan for its tax perks and ability to roll up to $35K of unused funds into a Roth IRA, then look at custodial accounts if teaching investing is a priority.

The verdict: Advisers say parents should handle retirement savings, emergency funds, and high-interest debt before investing for their children. Trump accounts may make more sense later, as a future conversion to a Roth IRA can unlock decades of tax-free growth despite an upfront tax bill. Savings bonds rank near the bottom of the list, with advisers arguing long-term stock market investing offers far better growth potential.