Created under federal law in 2025, Trump Accounts (530A) are custodial-style IRAs for minors, opening July 4, 2026, with a $1,000 government seed for children born 2025–2028.
Parents or guardians can open these accounts via IRS Form 4547 or TrumpAccounts.gov, and eligible contributions may also be made through some employer benefit plans, with annual limits and specific tax rules.
Trump Accounts join 529 plans, UGMA/UTMA, and Roth IRAs as major child savings options, each offering different tax advantages and flexibility for education, general savings, or retirement planning.
How does the Trump Account's tax on earnings compare to the tax-free growth of a 529 plan?
What are the hidden tax traps when converting a Trump Account to a Roth IRA later in life?
Can the account's restricted investment options truly maximize your child's long-term retirement savings?
How will employers navigate the rules for adding Trump Account contributions to their benefits packages?
What records must parents keep for decades to prove which funds are tax-free upon withdrawal?
How might this account change an entire generation's approach to saving for retirement?