Trump Accounts auto-enrollment explained and how to claim your funds

Key Points:

• Nearly 70 million tax-advantaged Trump Accounts have been created for American children under 18 since the program's launch on July 4, with over 60 million accounts automatically enrolled by the Treasury Department.
• Each eligible child born between January 1, 2025, and December 31, 2028, receives a one-time $1,000 federal contribution, which parents or guardians must claim through the Trump Accounts App to manage the account and access funds.
• The app requires custodians to verify their identity, confirm their relationship to the child, and accept account terms, allowing them to receive the seed contribution and enable additional contributions from family, friends, and employers.
• Contributions up to $5,000 per child per year are allowed under the One Big Beautiful Bill Act, and funds are invested in diversified, low-cost index funds, with the default option being the State Street SPDR Portfolio S&P 500 ETF (SPYM).
• Additional investment options planned include other low-cost ETFs tracking broad U.S. stock market indexes, such as iShares Core S&P 500 ETF (IVV) and Vanguard Total Stock Market ETF (VTI).