When Michael and Susan Dell announced last week that they would be donating $6.25 billion to put $250 per account into government-run savings accounts for millions of American children, it brought new attention to an initiative that was otherwise buried in the tax bill Republicans passed earlier this year: the Trump Account. Trump Accounts'yes, that is the official name'function basically as individual retirement accounts for kids. Any parent or guardian can open one up for a child starting in 2026, and family, friends, and employers can contribute $5,000 total each year. These accounts will then be invested in index funds, and withdrawals are largely prohibited until the child turns 18. All American children born from January 1, 2025, to December 31, 2028, will be entitled to a onetime $1,000 contribution from the government. The Dells' gift is meant to ensure that another 25 million American children who are 10 and under and in the poorest 75 percent of zip codes will get another...
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