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— How are Trump Accounts invested?
By law, Trump Accounts may only be invested in broad U.S. equity index funds that track the overall U.S. stock market (e.g., S&P 500), do not use leverage, and charge no more than 0.10% in annual fees.
— Can money be withdrawn before age 18?
No. Funds may not be withdrawn before the child turns 18, except for a rollover of the entire account to a Trump Account with another brokerage (trustee-to-trustee transfer), certain rollovers to an ABLE account in the year the child turns 17, or distribution upon death. After age 18, standard IRA rules for withdrawals apply.
— What happens when the child turns 18?
At age 18, the account is generally treated like a traditional IRA. The account holder may continue contributing subject to IRA rules and earned income requirements. Withdrawals follow traditional IRA rules and the account holder may be subject to a 10% additional tax for any withdrawal before age 59 ½, unless an exception (such as for distributions for higher education expenses or first home purchases) applies.
— How do I open a Trump Account for my child?
Use IRS Form 4547 to make the election to establish an initial Trump Account for the exclusive benefit of a child who is eligible; also use Form 4547 to make an election for the $1,000 pilot program contribution from the U.S. Treasury to the child’s Trump Account if they are eligible for the contribution. After the election is made, beginning in May 2026, Treasury or its agent will send information to the individual who made the election to activate the account through an authentication process and complete the opening of the initial Trump account.
— When can I open a Trump Account for my child?
IRS Form 4547 can be filed at any time, including at the same time as the electing individual’s 2025 income tax return is filed. Beginning mid-2026, these elections can also be made through an online account at http://trumpaccounts.gov.
— Where will the Trump Account be held? Can I use my preferred brokerage firm?
All Trump Accounts will initially be created and held with Treasury’s designated financial agent. At a later date, parents or guardians will be able to transfer the full balance of a Trump Account to their preferred brokerage firm through a simple trustee-to-trustee rollover.
— Can my employer offer Trump Account contributions through a cafeteria plan?
Yes. Pre-tax salary-reduction contributions will be allowed to Trump Accounts owned by an employee’s dependent child through an employer-sponsored cafeteria plan, up to $2,500 per employee per year.
becomes an adult, the accounts generally function like a traditional IRA." / X
https://x.com/RapidResponse47/status/1995949544979497314
Rapid Response 47 @RapidResponse47 - Video: .@POTUS: "Trump Accounts will be available starting on July 4th next year."
They will be available to every U.S. citizen born between January 1, 2025, and December 31, 2028.
https://trumpaccounts.gov/
https://x.com/RapidResponse47/status/1995947944646951187
Rapid Response 47 @RapidResponse47 - Video: .@POTUS "This gift is being made possible by the largest tax cuts in American history... Under that bill, the federal government will also automatically be making a one-time seed contribution of $1,000 into the tax-deferred Trump accounts for every newborn U.S. Citizen..."
Quote
Rapid Response 47 @RapidResponse47
@POTUS: In honor of America’s 250th anniversary, @MichaelDell and Susan Dell are announcing today that they are giving 25 MILLION American children $250 dollars each to save and to invest in their personal Trump account. That's the equivalent of $6.25 billion.
https://x.com/RapidResponse47/status/1995947913059729766
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