Michael Dell Just Gave $6 Bill to Trump Accounts – Is Bill Gates Next?
6 Articles
6 Articles
Michael Dell Just Gave $6 Bill to Trump Accounts – Is Bill Gates Next?
Quick Read Dell Technologies (DELL) founder Michael Dell donated $6.25B to fund Trump Accounts for 25 million American children under age 10. Dell’s donation provides $250 per child in lower-income areas. Shares rose 3% after the announcement. Microsoft (MSFT) co-founder Bill Gates focuses his $168B fortune on global health and poverty instead of U.S.-centric political programs. If you’re focused on picking the right stocks and ETFs you may …
Trump Accounts: Start of something big?
It’s not often that we envy billionaires. There is, after all, surely more to this life than material things. But we must admit that the recent announcement by Michael and Susan Dell of Dell personal computers (and related technology) fame that they are giving $6.25 billion to 25 million children definitely sparks a touch of jealousy. Suddenly, they get to be everybody’s favorite grandparents, gifting $250 per child to be held in savings account…
New IRS Rules Spark Big Questions About ‘Trump Accounts’ for Children
WASHINGTON, D.C. — The Treasury Department and Internal Revenue Service unveiled new guidance this week on the launch of “Trump Accounts,” a forthcoming class of individual retirement accounts for eligible children that federal officials say could reshape long-term household savings. In Notice 2025-68, released Tuesday, the IRS outlined how the accounts will function when contributions open on July 4, 2026. The framework details rules for establ…
Trump accounts are government-sponsored investment accounts for children under 18 with a starting capital of $1,000 for all newborns starting in 2025. Michael and Susan Dell are donating $6.25 billion to support an additional 25 million children under 10.
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