“Trump Accounts,” an investment vehicle created under the multitrillion-dollar tax and spending bill signed in 2025 by President Donald Trump, officially launch on July 4.
Trump Accounts will essentially function like an individual retirement account (IRA) — for kids. Parents, grandparents and other eligible contributors will be able to collectively add as much as $5,000 per child each year, with contribution limits expected to be adjusted for inflation annually after 2027. The child must be a US citizen, and only one account is allowed per child.
Employers can contribute as much as $2,500 per employee per child each year (the amount counts toward the annual maximum), while nonprofits and state and local governments can make tax-deductible contributions that don’t count toward the yearly $5,000 limit.
No money can be withdrawn from the accounts until Jan. 1 in the year the child turns 18. At that point, Trump Accounts automatically convert to an IRA,
The US Treasury Department will require that funds be invested in mutual or exchange-traded index funds (ETFs) that primarily hold US stocks. Parents act as a custodian, and funds can’t use leverage or charge fees exceeding .1% of the balance invested.
The Trump Accounts program will cost about $15 billion over the next decade, according to the Congressional Budget Office, a tiny fraction of the overall tax and spending package approved in 2025.
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