The accounts officially became available in July 2026. �
ChatGPT says:
(" The new Trump Accounts (also promoted as Invest America Accounts) are tax-advantaged investment accounts for children. The accounts officially became available in July 2026. �
U.S. Department of the Treasury +1
Who is eligible?
There are two levels of eligibility:
Any child under age 18
Must have a valid Social Security number.
An authorized adult (typically a parent or guardian) must open the account before the end of the year the child turns 17. �
IRS +1
Eligibility for the free $1,000 government contribution
Must be a U.S. citizen.
Must be born between January 1, 2025 and December 31, 2028.
Must have a valid Social Security number.
The parent or guardian must enroll the child in the pilot program. �
IRS +1
So:
A 10-year-old today can generally open a Trump Account, but does not receive the $1,000.
A baby born in 2026 can open one and receive the $1,000 government deposit.
Tax treatment
The tax rules are similar to a traditional IRA, but with important differences.
Contributions
Contributions are made with after-tax dollars.
They are not tax-deductible.
Families can generally contribute up to $5,000 per year. �
TurboTax +1
While the money is invested
Dividends and capital gains are not taxed each year.
Investments grow tax-deferred.
Buying and selling investments inside the account does not trigger capital gains tax. �
Bipartisan Policy Center +1
Withdrawals
Generally, no withdrawals are allowed before age 18 (with limited exceptions).
Beginning in the year the child turns 18, the account is generally treated like a traditional IRA.
Withdrawals are generally taxed as ordinary income, not at the lower long-term capital gains rates. �
IRS +2
Investment options
Before age 18, investments are restricted to low-cost mutual funds or ETFs that track broad U.S. stock indexes, such as the S&P 500. Individual stocks are not allowed. �
Investor +1
For someone deciding whether to save for a child, the free $1,000 (if eligible) is a significant benefit. However, if a child is not eligible for the government contribution, it’s worth comparing a Trump Account with alternatives like a 529 plan, a custodial brokerage account (UTMA/UGMA), or a Roth IRA (if the child has earned income), since those may offer greater flexibility or better tax treatment depending on the goal. �
Investopedia +1")
I’ll add this comment which may or may not be completely true.
DYoDD.
After age 18, the account becomes property of the “child”, and s/he/they can do Roth conversion.
FWIW
ralph
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