Trump Accounts for kids launch: Here's who qualifies for free money, how to sign up

Cross-border advisors split on Trump accounts for children of Americans living in Canada

Canada doesn’t recognize the special tax status of Trump accounts, which means gains in the accounts would be fully taxable here

Trump Accounts for kids launch: Here's who qualifies for free money, how to sign up

While all qualifying kids can have an account, only those born in a certain period of time qualify for the federal government's free seed investment of $1,000.

The Dubious Rags to Riches Promise of Trump Accounts

President Donald Trump has repeatedly said that so-called Trump accounts, new federal investment and savings accounts for children, “could grow to hundreds of thousands of dollars” by the time children turn 18. That’s only true if parents or other donors contribute thousands of dollars per year, per child, assuming that future returns are close to the historic stock market averages. While touting the program, Trump has also repeatedly suggested …

Trump Accounts Investment Tops $125m in Five Days, Led by Big Donors

The Trump Accounts investment programme has drawn nearly $125 million in personal contributions within its first five days of operation, the White House announced on Thursday, as a wave of high-profile donors from corporate America joined families across the country in backing the new children’s savings scheme. Small Contributions Drive the Bulk of Trump Accounts Investment The headline figure masks a broad base of participation. According to th…