Why you must sign up NOW for Trump's $1,000 kids accounts even if you don't have a penny to put in them
Daily Mail • • business
Key Points:
- The new "Trump Accounts," established under July's tax overhaul, offer eligible American children a $1,000 government-funded investment account, but parents must opt in during tax filing to receive the deposit.
- The funds are sent directly to participating financial institutions, such as banks or brokerages, which open accounts in the child's name; families can also contribute up to $5,000 annually until the child turns 18.
- Several wealthy donors, including Michael Dell and Ray Dalio, have pledged billions to support the program, and many large companies offer matching contributions for employees who enroll their children.
- The accounts benefit from compound interest, with projections suggesting the initial $1,000 could grow substantially over decades, potentially reaching hundreds of thousands or even
