Trump's $1,000 Accounts for Newborns: How Families Can Benefit
TL;DR Summary
The US government is launching 'Trump accounts' for newborns, offering a $1,000 seed money as part of a new law, with the aim of encouraging early investment and savings for children, structured similarly to IRAs and invested in stock funds, available from July 2025.
Topics:business#finance#government-contribution#investment-growth#ira-like-accounts#newborn-savings#trump-accounts
- How the $1,000 ‘Trump Accounts’ for Newborns Will Work The New York Times
- 'One Big Beautiful Bill' expands 529 plans. But are there better options? USA Today
- President Trump’s One Big Beautiful Bill: A Win for Workers, Farmers, and America’s Future The White House (.gov)
- America's newborns to get $1,000 investment accounts Axios
- Trump Accounts for newborns: How should families use them? NPR
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