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Trump Accounts: A New Path to Kids' Wealth | Wilmington News
A new government-backed savings program called Trump Accounts just launched on July 4th, letting parents, grandparents, and employers start saving for kids from birth—with tax breaks and big growth potential. Kids born between 2025 and 2028 get a $1,000 government kickstart, plus families can contribute up to $5,000 annually. Employers can add $2,500 per worker, and charities or local governments can chip in too—all without hitting the cap. The money grows tax-deferred in stock funds, converts to an IRA at age 18, and could balloon into millions over decades. It’s not just about college or…
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