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Trump Accounts Launch for Kids | Annapolis News
Starting July 4th, kids under 18 get a new financial boost: Trump Accounts, designed like retirement accounts to help them build long-term savings through low-cost U.S. stock index funds. Parents, guardians, or employers can contribute up to $5,000 yearly, with babies born 2025–2028 receiving a $1,000 government kickstart. Kids born 2016–2024 in lower-income areas may also get $250 thanks to Michael Dell’s pledge. Managed by the Treasury and handled by Bank of New York Mellon, these accounts stay locked until age 18 — giving young Americans a powerful head start on financial independence…
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