Trump Accounts | A New Way to Start Investing for the Next Generation
Trump Accounts are a new government-sponsored savings account created to encourage long-term investing for children from an early age. Designed as a starting point for future wealth-building, these accounts allow eligible children to receive a one-time $1,000 Treasury contribution, with the account growing under special rules until age 18. At that point, the account transitions to follow more traditional IRA-style rules.
The goal is simple: introduce children to investing early and give families another tool to support long-term financial education and opportunity.
How to Get Started
To open a Trump Account, a parent or authorized adult must complete IRS Form 4547 on the child’s behalf. If the child is eligible for the pilot contribution, that election is made on the same form. It’s recommended that this form be filed along with your 2025 tax return to ensure timely setup.
Contribution Timing
· Contributions and Treasury funding begin after July 4, 2026
· Online elections are expected to be available mid-2026 through TrumpAccounts.gov
This means the account structure is established first, with funding following once the program officially opens.
Information Needed to File
When opening a Trump Account, you’ll need the following:
· Authorized adult’s name, Social Security number, address, and contact information
· Child’s full legal name, Social Security number, date of birth, and address
· Confirmation that the child is under age 18 and has not previously had a Trump Account
· An election confirming whether the child qualifies for the $1,000 pilot contribution (children born between 2025–2028)
· A signed authorization allowing the account to be established on the child’s behalf
A Helpful Starting Point—Not the Only Option
While Trump Accounts can be a meaningful way to introduce investing and jump-start long-term savings, they aren’t the only option—and they may not always be the best fit on their own. Other investment account types can offer greater flexibility, different tax advantages, or better alignment with your child’s needs and your broader financial picture.
Trump Accounts are one tool among many. The most effective planning comes from understanding how different options fit together over time rather than relying on a single account. If you’d like help evaluating what options may make sense for your family, our team is always happy to be a resource and talk through the possibilities.
You can learn more about Trump Accounts directly at Trumpaccounts.gov, and as always, please reach out if you’d like help deciding how (or whether) they fit into your overall plan.