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Now 49° Fri 82° Sat 83° byALEXX ALTMAN-DEVILBISS | The National News Desk WASHINGTON (TNND) —Trump Accounts willlaunch on July 4, giving families with young children a new way to build long-term savings and provide what the Trump administration calls a stronger financial start. Beginning Saturday, parents, guardians, employers and other contributors will be able to deposit money into accounts for children under 18. Created under theOne Big Beautiful Bill Actlast year, the accounts are designed to function similarly to individual retirement accounts, allowing money to grow over time through investments in low-cost U.S. stock index funds. "Starting July 4, 2026, families, employers, charities, and governments can contribute up to $5,000 per year, invested solely in low-cost U.S. equity index funds for simple, transparent, long-term growth," the Treasury Departmentsaid in a statement. Treasury Secretary Scott Bessent has described the accounts as a "rainy day fund" that children can use once they reach adulthood. A Treasury Department spokesperson said about six million people have signed up so far. When the program was announced in December, President Donald Trump said th…

Trump Accounts for kids launch on July 4: Key things parents need to know to boost wealth for their children Trump Accounts, a government-backed savings initiative for children, starts on July 4. The accounts will be funded by federal deposits and private contributions

Trump Accounts are live. Here's how some families plan to use them For Adam Bergman, the benefits of aTrump Accountaren't limited to the money his two sons could accumulate over decades. The new accounts are a chance to teach them how investing works. Bergman, the founder of IRA Financial, told CNBC he was eager to set up Trump Accounts for his sons to help them take advantage of thetax-advantaged growthavailable with these savings and investment accounts. "It's not just the number of dollars you're going to have at the end of the day, but it's hopefully opening people's eyes to say, 'Hey, this is what savings is. This is how it works,'" he said. "It's a very powerful tool." Bergman is one of millions of parents figuring out whether — and to what extent — Trump Accounts fit with their family's financial goals. Ahead of the official July 4 launch of Trump Accounts, families signed upmore than 6 million children, according to the Treasury Department. About 1.4 million of those registered are babies born between 2025 and 2028, who are eligible to receive the $1,000 seed investment from the federal government. Parents, grandparents and loved ones can contribute up to $5,000 a yea…

‘Trump accounts’: Wall Street-backed investment funds for children to go live <p>Savings plans for children born between January 2025 and December 2028 launched as president seeks electoral boost</p><p>Trump accounts, a savings vehicle named after the US president and authorized by congressional Republicans, are set to go live on Saturday, offering American parents a new way to save money for their children by investing in funds managed by major Wall Street firms.</p><p>All accounts established for children born between January 2025 through December 2028 – nearly the entirety of Donald Trump’s second term – will receive $1,000 from the government. Parents, friends and employers will be able to deposit as much as $5,000 a year into the accounts.</p> <a href="https://www.theguardian.com/us-news/2026/jul/04/trump-accounts-savings">Continue reading...</a>

NPR News Should you sign your kids up for Trump Accounts? Four things to consider NPR | By Stephan Bisaha Published July 8, 2026 at 3:02 PM CDT Facebook Twitter LinkedIn Email Listen • 4:00 TIMOTHY A. CLARY / AFP via Getty Images A trader moments before US President Donald Trump rings the opening bell of the New York Stock Exchange (NYSE) in New York on July 6, 2026 from the Oval Office in celebration of the First Day of trading of Trump Accounts Sign up for the Planet Money newsletter. The world is confusing. Economics can help Americans have a new way to invest in their kids' futures: Trump Accounts launched over the weekend. Congress approved them last year as part of the One Big Beautiful Bill Act, Republicans' tax and spending law. They function similarly to retirement accounts, but instead of being for adults preparing for their senior years, they're for assisting kids with the start of their adult lives. The money in these accounts will be invested in an index fund that broadly tracks the stock market. Any American citizen under age 18 can have an account, and once they turn 18, they can access that money for things like education or buying a house. (The…

Trump Accounts Explained: $1,000 for Babies Born 2025-2028 Summary: Trump Accounts are tax-deferred investment accounts for children under the age of 18. Children born between 2025 and 2028 are eligible to receive a $1,000 government seed deposit, and families can contribute up to $5,000 per year—plus employees may be able to add another $2,500 pre-tax through employer cafeteria plans. Funds are invested in low-cost U.S. stock index funds until age 18, then follow traditional IRA rules. ⚠️ 2026 Updates: Trump Accounts launch July 5, 2026. To enroll, file IRS Form 4547 with your 2025 tax return or register at trumpaccounts.gov. Only children born January 1, 2025, through December 31, 2028, qualify for the $1,000 seed deposit. The official Trump Accounts app has launched and is available in the Apple App Store and on Google Play . Parents and grandparents already juggle 529 plans , custodial accounts, and FAFSA rules. The recently signed reconciliation law adds “Trump Accounts” as a permanent, tax-deferred savings vehicle, and the IRS just released 44 pages of guidance explaining how they’ll work. Here’s what families and advisers need to know. What is a Trump Account? A Trump Accou…

Trump Accounts launch July 4. How to sign up your baby now to get $1K PERSONAL FINANCE Personal Savings Add Topic Millions of babies to get $1,000 in their Trump Accounts on July 4 Medora Lee USA TODAY July 3, 2026, 5:03 a.m. ET Hear this story About 1.5 million American babies will receive $1,000 in their new Trump Accounts as America celebrates its 250th birthday this July 4, according to the U.S. Department of the Treasury. Trump Accounts officially launch on Independence Day, when the government opens the accounts. It will deposit $1,000 of "seed" money in each newborn's account to be invested and grow until the child reaches 18 years old. At adulthood, the account converts into a traditional IRA and takes on the same rules. Another roughly 5 million kids under 18 years who aren't newborns and have signed up for a Trump Account will have theirs activated on July 4, the Treasury said. They won't receive the $1,000 newborn seed money, but up to 25 million children aged 10 or younger who live in qualifying ZIP codes may receive a $250 charitable gift deposited by the Michael & Susan Dell Foundation . Everyone else can start receiving up to $5,000, adjusted for inflation after 202…

What a $1k investment in Trump accounts could be worth in 18 years By Alice Gibbs Senior Reporter 0 Share Newsweek is a Trust Project member See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. Trump Accounts officially launched nationwide on July 4, allowing families to begin funding the new tax-advantaged investment accounts created under President Donald Trump. Eligible children born between 2025 and 2028 receive a one-time $1,000 contribution from the federal government, which is then invested in broad U.S. stock-market index funds. One question many parents may have is how much that initial deposit could actually be worth by the time a child reaches adulthood. What Could the Government's $1,000 Deposit Be Worth? The answer depends largely on investment performance. Read More on U.S. Trump Accounts invest in broad U.S. stock funds, meaning returns will rise and fall with the market. Factors including economic growth, inflation, interest rates, corporate profits and stock-market volatility could affect performance over the next 18 years. There is no guaranteed return. For example, at an assumed rate of …

Are Trump Accounts only for babies? Here's what families with older children need to know Trump Accounts explained: Find out who qualifies, who gets the $1,000 government deposit, and how families with older children can still benefit.

Trump Accounts launch July 4, giving newborns $1,000. Here's what to know <p>President Donald Trump is launching Trump Accounts on July 4, aiming to boost financial independence for children born during his second term. Here's what to know.</p>

Trump Accounts launch tomorrow. Find out if your child qualifies to receive $1,000 <p>The White House plans to launch Trump Accounts on July 4, offering $1,000 to babies born during President Trump's second term to grow through stock market investments.</p>

What to know about the new Trump accounts for kids - Vanguard Expert insight January 05, 2026 Joel Dickson, Ph.D. Vanguard Global Head of Advised Strategies In 2026, families will have a new way to support their children’s financial futures: the 530A account—better known as a Trump account—a tax-advantaged IRA designed specifically for kids. Parents and caregivers may want to use these accounts to help children enter adulthood with greater financial security and knowledge about saving and investing. This Q&A with Joel Dickson, Vanguard’s global head of Advised Strategies, is aimed at helping parents, guardians, and their financial advisors understand Trump accounts ahead of their July 2026 launch. A Trump account is a new type of IRA established as part of the One Big Beautiful Bill Act. To open a Trump account, your child must have a Social Security number and be under 18 years old on December 31 of the year the account is opened. Each child may have only one Trump account. To be eligible for the $1,000 pilot program (see “What are the contribution rules?”) a child must also be a U.S. citizen. Legal guardians, parents, adult siblings, or grandparents (in priority order) ca…

Trump Accounts app launches — here's how to get started Families can now download theTrump Accounts app— a key next step in the launch of the investing accounts for children that could includeseed money of up to $1,000. The app's debut on Thursday comes a little more than a month out from the July 4 official launch of the newtax-deferredaccounts. The initial deposit from the U.S. Department of the Treasury could arrive "as early as July 4," according to an image of the app that the agency shared with CNBC. The Trump Accounts app, which is now available in Apple and Google app stores, was designed in partnership withBank of New York MellonandRobinhood, a Treasury spokeswoman said. "This groundbreaking new app will make it easy for millions of Americans to sign up, contribute and watch their investments grow in value," Treasury Secretary Scott Bessent said in a video postedon XThursday. Families have signed up nearly 6 million children forTrump Accounts, according to the Treasury's latest tally. While Trump Accounts — also known as 530A accounts — cannot be funded until July, parents or guardianscan open accountsnow by filling out IRS Form 4547 onTrumpAccounts.gov. The initial…

Should you sign your kids up for Trump Accounts? Four things to consider Families can still benefit even if their children aren't eligible for the free $1,000 contribution from the federal government.

Trump Accounts are now live. Here's what you need to know Who is authorized to open a Trump Account? How much will a child have at age 18? How will the money be taxed? Will it hurt your chance of getting federal benefits? Chong Kee Siong/E+/Getty Images Investing Economy Stocks Taxes See all topics Facebook Tweet Email Link Threads Link Copied! Follow Trump Accounts, a new federal savings and investment vehicle for children, went live on July 4. To date, more than 6 million Trump Accounts have been opened for children under age 18, according to the Treasury Department. Of those, 1.4 million will receive the much-touted $1,000 federal pilot contribution for newborns. But the total number of opened accounts is still just a fraction of the tens of millions of children under age 18 who may be eligible to have one. For all the attention that Trump Accounts have received in recent months – especially the federal seed money and pledges of money by companies and philanthropists – there’s a lot of fine print to know if you’re planning to open an account or have already done so. So … we’ve updated our one-stop-shop FAQ to address your most salient questions from the basics to the nitty grit…

Trump Accounts: A guide for parents | Ameriprise Financial This article is intended to provide perspective on how federal policy changes may impact your financial life. These insights are not political statements from Ameriprise Financial. Every parent wants to give their child a strong financial start, and understanding the different savings options is an important first step. Starting in July 2026, parents can fund a new type of investment vehicle, known as a Trump Account, for their children. If you have children under the age of 18, you may have questions about this new option. An Ameriprise financial advisor can help you better understand Trump Accounts and theother investing options available to save for your child’s future. Created as part of theOne Big Beautiful Bill Act (OBBBA)of 2025, a Trump Account is a tax-advantaged retirement savings vehicle for U.S. citizens under the age of 18. This savings vehicle functions essentially as a "starter"IRAfor children under 18, but with different contribution limits, investment rules and other requirements. Contributions to Trump Accounts are made with after-tax dollars, earnings grow tax-deferred and withdrawals are taxed as or…

Anabelle Colaco06 Jul 2026, 06:06 GMT+10 WASHINGTON D.C.: The Trump administration launched its new Trump Accounts investment program on July 4, giving eligible U.S. children government-funded investment accounts as the country celebrated the 250th anniversary of its independence. The program provides a $1,000 government-funded investment account for U.S. citizens born between 2025 and 2028. Families, employers and others can contribute up to $5,000 annually on a pre-tax basis, with the funds automatically invested in a low-cost index fund designed for long-term growth. Supporters say the initiative will encourage investing and financial literacy from an early age, while critics argue its long-term benefits will depend largely on families' ability to make regular contributions. "The $1,000 federal contribution at birth helps remove the barrier of having nothing to start with, which has historically been one of the biggest obstacles to saving," said Andy Blocker, head of policy, regulatory and government relations at Edward Jones. "If by year-end more families have a clear onramp to begin saving and investing for their children's financial futures, that's success." Adam Michel…