Trying the government-backed Trump Accounts for my newborn: how it works

A new government-backed Trump Accounts program seeds eligible newborns with $1,000 in a child-owned investment account that can’t be touched until age 18. The author tests the Trump Accounts app, completes the sign-up via the IRS portal using ID.me, and learns the account can accept additional contributions from families and outside donors. Experts say a small government seed can boost long-term planning and a “college-bound identity,” but the author plans not to contribute beyond the initial $1,000 yet, prioritizing daycare costs, debt, and emergency savings. She views taking the free money as sensible amid high expenses while evaluating her family’s finances.)