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Child Investment Accounts

All articles tagged with #child investment accounts

White House: Americans Pledge $125M to Trump Accounts in Five Days
politics4 days ago

White House: Americans Pledge $125M to Trump Accounts in Five Days

The White House says Americans have invested about $125 million in Trump Accounts in the first five days since their July 4 launch. Trump Accounts are investment accounts for children born 2025–2028, with the U.S. Treasury pledging to deposit $1,000 per child. Donors include SpaceX president Gwynne Shotwell (and her husband), Dell CEO Michael Dell and his wife, Ray Dalio and his wife, Altimeter Capital’s Brad Gerstner, and Nicki Minaj; companies like Goldman Sachs, Micron, and Bank of America have also announced contributions. The push has attracted attention as a major early showing of private funding for the program.

Trump Accounts app launches to open child investment accounts with up to $1,000 seed
business1 month ago

Trump Accounts app launches to open child investment accounts with up to $1,000 seed

The U.S. Treasury's Trump Accounts app launches to open 530A (child) investment accounts; eligible families can sign up now via IRS Form 4547, with a potential $1,000 Treasury seed for births 2025–2028. Funding starts July 4, and annual contributions can reach up to $5,000 per child (employer contributions up to $2,500) to be invested in broad U.S. equity index funds, with activation occurring in waves after identity verification.