White House to launch Trump Accounts on July 4
The Treasury says more than 6 million families have already requested accounts ahead of the launch.
- On July 4, the Treasury Department will launch Trump Accounts, also known as 530A accounts, providing eligible children born between 2025 and 2028 a $1,000 initial seed deposit.
- Tech CEO Michael Dell and his wife, Susan, pledged $6.25 billion to provide $250 grants to children in low-income ZIP codes, while Treasury's seed deposit reaches 186,900 children in New York City.
- Parents and guardians can contribute up to $5,000 annually, with employers adding up to $2,500, allowing Trump Accounts to grow to $243,000 by age 55 without further contributions.
- Certified financial planner Douglas Boneparth of Bone Fide Wealth advises families to compare these accounts against 529 plans or Roth IRAs, cautioning that reaching high balances requires "fairly strong, uninterrupted market returns."
- Altimeter Capital CEO Brad Gerstner argues the initiative creates wealth-building opportunities for all children, though The Urban Institute warns low participation among low-income families could widen existing wealth disparities.
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37 Articles
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 explained: Who are eligible for $1,000 bonus, how to sign up and avoid scams as it launches on 4 July
Trump Account, formally known as 530A accounts, are a new type of investment account for children established under Trump's “big beautiful bill”. The initiative introduces a new savings account that allows funds to be invested in the stock market for the benefit of a child.
Missoulian
Officials: Stock shares OK for 'Trump accounts'
WASHINGTON — Individuals and corporations will be able to donate shares of stock to "Trump accounts," the government-backed newborn investment accounts created as part of President Donald Trump's landmark tax and immigration law, officials said Thursday.
Treasury Establishes Path for Stock Donations to Trump Accounts
The U.S. Treasury Department said Thursday that individuals and corporations will be allowed to donate shares of publicly traded stock to Trump Accounts, the government-backed investment vehicles for newborns and young children founded under President Donald Trump’s One Big Beautiful Bill Act. Contributors can transfer publicly traded shares to the Treasury, which will then send the stock to eligible Trump Accounts “consistent with the donor’s i…
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