Trump Accounts pose a hidden threat to disability benefits for children
Trump Accounts, a new government-backed savings program for children, may inadvertently jeopardize future eligibility for disability benefits if parents fail to execute a specific financial maneuver. While the program offers free seed money and private donations, the assets accumulate in a way that violates the strict asset limits for Supplemental Security Income (SSI). Experts warn that parents of disabled children must roll these funds into an ABLE account before the child turns 18 to preserve benefits. Failure to do so could result in the loss of critical federal support, as the accounts automatically convert into IRAs at age 18, which count against SSI asset caps.