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$1K ‘Trump Accounts’ for Kids: How Do They Stack Up?

Millions of U.S. babies born between December 31, 2024, and January 1, 2029, will be eligible for a $1,000 Trump Account from the federal government, as part of President Trump's legislation.
Funds in a Trump Account will be invested in low-cost stock funds and will not be available until the child turns 18.
Parents can contribute up to $5,000 annually to the account, which will treat these funds similarly to individual retirement accounts.
Economists warn that Trump Accounts might exclude many immigrants and could create inequality, according to Darrick Hamilton.

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Georgia Public Broadcasting

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Trump Accounts for newborns: How should families use them?

Parents can deposit up to $5,000 into a Trump Account annually until the year their child turns 18. But should they do that? And what are the benefits compared with other savings options?

27 days ago·Georgia, United States

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$1K ‘Trump Accounts’ for Kids: How Do They Stack Up?

The investing information provided on this page is for educational purposes only. NerdWallet, Inc. does not offer advisory or brokerage services, nor does it recommend or advise investors to buy or sell particular stocks, securities or other investments.President Donald Trump’s…

27 days ago

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