Trump Accounts
Trump Accounts are designed for families who want to give their children a financial head start. Whether you’re planning ahead or already raising a family, these accounts offer a simple way to begin building long-term wealth early.
Looking to Give Your Child a Financial Head Start?
Planning for your child’s future can feel overwhelming, especially with rising education costs and long-term financial uncertainty. Trump Accounts are designed to simplify that process by providing a structured way to invest in your child’s future from an early age.
Eligible children may receive an initial contribution, and families have the option to add additional funds over time. These accounts grow through investment in U.S.-based companies, allowing long-term compounding to work in your child’s favor.
We help families understand how these accounts work, how to enroll, and how to incorporate them into a broader financial strategy.
Key Benefits of Trump Accounts
- Early Financial Head Start
Eligible children may receive an initial contribution, helping establish a foundation for future growth. - Long-Term Investment Growth
Funds are invested over time, allowing the power of compounding to build value throughout childhood. - Optional Contributions
Families can contribute additional funds annually to help accelerate growth, based on their financial goals.
Common Mistakes to Avoid
- Waiting too long to start planning for your child’s financial future
- Not taking advantage of early contribution opportunities
- Overlooking how long-term investing impacts growth
- Failing to integrate the account into a broader financial plan
How Trump Accounts Work
- Determine eligibility based on current program guidelines
- Enroll through the appropriate tax filing process
- Establish the account when notified by a financial institution
- Allow funds to grow through long-term investment
- Contribute additional funds as desired over time
- Transfer full control to the child once they reach adulthood
Your Questions, Answered
Who is eligible for a Trump Account?
All U.S. children under 18 with a valid Social Security Number may be eligible to establish a Trump Account. Parents or legal guardians can open and manage accounts on behalf of their children.
How much can be contributed?
Families, friends, and employers may contribute up to $5,000 per year per child.
What are the funds invested in?
Funds are typically invested in a diversified portfolio of low-cost index funds designed for long-term growth and diversification.
When can funds be used?
Funds may be accessed when the child turns 18 for qualified expenses such as education, a first home purchase, or starting a business. Withdrawals may be subject to restrictions and applicable taxes.
How do I open an account?
You can elect to open a Trump Account for your eligible child by completing IRS Form 4547 when filing your taxes or through the official online process.
Get Started or Learn More
If you would like to sign up for an account or if you want more information, please reach out.
