Trump Accounts for kids launch July 4: What parents need to know

Trump Accounts officially launch on July 4. These new tax-advantaged investment accounts for children are geared toward long‑term retirement savings, rather than education or shorter‑term goals.

While some details are still forthcoming, this guide explains how these accounts work, including details about who is eligible, what free money is available and how to maximize the long-term growth potential.

Trump Accounts, also known as 530A accounts, are a type of individual retirement account for children, enacted via President Donald Trump's "big beautiful bill." The accounts include a one-time $1,000 pilot program contribution from the U.S. Treasury Department for babies born from 2025 through 2028.

The accounts function like an IRA, with some exceptions. Trump Accounts can receive contributions from multiple sources, such as family or employers, and the funds grow tax-deferred.

The money will be invested in U.S. stock funds, and Bank of New York Mellon will officially manage the initial accounts. Families can track account activity with the Trump Accounts app, which was designed in partnership with Robinhood.

Trump Accounts are available for all children age 18 or younger.

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Fuente original: CNBC Top News (https://www.cnbc.com/2026/07/01/trump-accounts-launch-july-4.html)