'Trump accounts' come with a $1,000 deposit for newborns. See how they compare with 529 college savings plans
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President Donald Trump announced the creation of government-sponsored investment accounts for children under age 18 as part of the sweeping budget bill he signed into law on July 4, 2025. The so-called " Trump accounts " are set to become available on July 4, 2026, and parents of U.S. citizens born from 2025 through 2028 will be able to opt-in for an initial deposit of $1,000 from the federal government. Michael Dell , billionaire CEO of tech company Dell, and his wife, Susan, on Dec. 2 pledged
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