New Trump Accounts Target Kids’ Retirement with $1,000 Seed and Employer Matches

Trump Accounts are a new 530A-style IRA for children launching July 4, offering a $1,000 Treasury seed for births 2025–2028 and possible $250 grants for earlier births in certain ZIP codes; accounts can be opened by guardians for U.S. citizens under 18, with tax-deferred growth invested mainly in U.S. stock funds, and withdrawals after age 18 governed by traditional IRA rules. Contributions can come from families, employers, and donors (up to $5,000 per year total, plus up to $2,500 per employer), with potential further philanthropy; the program is intended to boost long-term wealth-building, though participation may vary by income and other saving options (e.g., 529s, UGMA/UTMA, Roth IRAs) remain relevant.