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Trump Accounts: A New Path to Kids' Financial Security | Charleston News
A new federal savings program called the Trump Account is launching to help families build long-term financial security for kids born between 2025 and 2028. The government kicks in $1,000 for each eligible child, parents can contribute up to $5,000 annually, and some employers may chip in too. Unlike traditional education savings plans, these accounts can be used for anything—retirement, starting a business, or even college—once the child turns 18. With low-cost index funds and the power of compound interest, even small contributions can grow dramatically over time. Plus, some private groups…
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