A new federal savings initiative could dramatically reshape the financial future of millions of American children.

Under the final iteration, the so-called Trump accounts are custodial individual retirement accounts for kids, with special rules until the year the child turns 18. For the next few years, they come ...

Technically, any parent can open a Trump Account for their child. But only children born after Dec. 31, 2024, and before Jan.

These new accounts might provide a nice bonus for new parents, but most Americans might not be able to take full advantage of ...

The accounts are opened by parents or by the government when a tax return is filed. Family and friends can contribute up to ...

President Trump's new investment program gives every American baby born through 2028 a $1,000 government head start. But financial experts are warning parents that these "Trump accounts" may not be ...

President Donald Trump’s “Big Beautiful Bill” includes a new way to save for children’s futures, which involves free money.

Hear about the tax-deferred investment account for kids that's part of the One Big Beautiful Bill Act? While “Trump accounts” ...

If you already give you full annual gift tax exclusion to a 529 Account (i.e., US$19,000 per donee in 2025), then any gifts to the Trump Account for the same beneficiary would be in excess of your ...

Under Trump’s “big beautiful bill,” children born in 2025 through 2028 will receive a $1,000 deposit into a Trump account.

One of the key provisions of President Trump's "Big Beautiful Bill" establishes so-called "Trump Accounts," designed to ...