A new government-sponsored savings program called Trump Accounts is expected to launch on July 4, 2026.
Key Things to Know:
- Available for U.S. citizen children under age 18 with a Social Security number.
- Children born between January 1, 2025, and December 31, 2028, may qualify for a $1,000 government contribution when an account is opened.
- Family members can contribute up to $5,000 per year (subject to program rules).
- Funds are invested in low-cost U.S. stock market index funds.
- Money grows tax-deferred and is intended to help with future goals such as education, a first home, medical expenses, or starting a business.
- Withdrawals generally are not permitted before age 18.
- Parents and guardians will be able to open and manage accounts online.
If you have young children, grandchildren, or are expecting a new addition to the family, this may be worth exploring. Children born between 2025 and 2028 may be eligible for the initial $1,000 government contribution.
For more information and program updates, visit the website linked below.
| Trump Accounts Website |