Parents and guardians will be able to open Trump Accounts, a new retirement savings vehicle for children under the age of 18 with a valid SSN. A pilot program contribution of $1,000 will be available for children who are U.S. citizens and born from Jan. 1, 2025, to Dec. 31, 2028. Launching July 5, 2026
The account is fully in your child’s name, and you are the sole custodian until they turn 18.
No contributions necessary—but you can deposit up to $5,000 per year to maximize growth.
Enroll your child by making an election when you file your taxes. See your tax preparer.
A financial institution will receive your funds and activate your account.
Sit back and watch the money grow. Contribute anytime (or not).
At 18 the Trump Account is all theirs. They’re free to continue letting it grow, or they can withdraw funds right away to use for things like education or a home—with all the tax advantages of a traditional IRA.
Who is eligible? All U.S. children under 18 with a valid Social Security Number are eligible to establish a Trump Account. Parents or legal guardians can open and manage accounts on behalf of their children.
How much can I contribute? Families, friends and employers can contribute up to $5,000 per year per child.
When can funds be used? Funds can be accessed without penalty when the child turns 18 for qualified expenses like education, a first home purchase, or starting a business. Withdrawals may be subject to restrictions and would be taxed at ordinary income rates.
