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Trump Accounts Launch for Kids | Charleston News
Starting July 4th, Trump Accounts launch — a new savings program designed to help families build long-term wealth for kids under 18, like a retirement account for youth. Parents, guardians, and employers can contribute up to $5,000 annually into low-cost U.S. stock index funds, managed by Bank of New York Mellon with a user-friendly app. Babies born 2025–2028 get a $1,000 Treasury boost; kids born 2016–2024 in lower-to-middle-income areas may receive up to $250 thanks to Michael and Susan Dell. Funds lock until age 18, with exceptions for rollovers or inheritance — all aimed at securing a…
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