It’s a kid-friendly IRA.
President Trump rolled out the sign up sheet Tuesday for the savings accounts bearing his name, which is aimed at providing young Americans access to a starter fund once they turn 18.
Passed under the Big Beautiful Bill, the so-called “Trump accounts” aims to give American citizens born from Jan. 1, 2025, through Dec. 31, 2028 an initial $1,000 in a tax-deferred investment account.
“Trump accounts will be the first, I guess, you could say, real trust funds for every American child,” the president told reporters.
The move comes as Michael and Susan Dell on Tuesday pledged to donate a historic $6.25 billion to the program, which would give $250 to accounts for children aged 10 and under who were born before 2025.
How can you open a Trump account?
The tax-deferred investment accounts will be available to new parents and guardians through a new form with the IRS, known as Form 4547, a nod to Trump’s presidential numbers.
A sign up sheet will become available on a new government website dedicated to the program, with the Treasury Department set to follow up with those who complete the form by May 2026.
“Starting July 4, 2026, families, employers, charities, and governments can contribute up to $5,000 per year, invested solely in low-cost US equity index funds for simple, transparent, long-term growth,” according to the official Trump accounts X profile.
More information on how to sign up for the program will become available on the Trump accounts website on Dec. 17.
How do Trump accounts work?
Once an American baby is born, the government pledges to create a savings account with a one-time deposit of $1,000.
Parents and guardians may contribute up to $5,000 a year into the account until the child turns 18. Employers may contribute up to $2,500.
The contributions will go into low-cost US equity index funds, effectively working like an IRA that builds value over the years.
Who is eligible for Trump accounts?
Trump accounts will be available for any child aged 18 and under with a Social Security number.
The Treasury Department will only provide the initial $1,000 fund to children born between 2025 and 2028. Those who don’t qualify for the seed can still open accounts and start investing their own money.
There are no income requirements for the program.
When can children access the funds?
Withdrawals from the Trump accounts are not permitted until the beneficiary turns 18, with the account will then be rolled into what would effectively be an individual retirement fund.
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Once the child becomes a legal adult, they can use the money in their account to pay for education expenses, start a small business, or to purchase their first home.
The beneficiary is also free to leave the funds alone and keep the account growing, effectively turning it into an IRA.
