US President Donald Trump is set to deliver remarks on a new government-backed investment program known as “Trump Accounts” on Wednesday (Jan. 28) at 11 a.m. ET, according to White House Press Secretary Caroline Leavitt.
Leavitt wrote on X that the bills are “one of the biggest takeaways from the One Big Beautiful Bill,” referring to the sweeping tax-and-spending legislation passed over the summer.
What are Trump accounts?
Under the new law, the US Treasury Department will deposit $1,000 into an investment account for each American child born between January 1, 2025 and December 31, 2028. Trump Accounts are fully in the child’s name, with parents or legal guardians acting as guardians until the child turns 18.
Annual contributions from families, employers or friends are limited to $5,000, although donations from non-profit organizations and governments are exempt from this limit. Parents cannot start contributing until July 4, 2026, which coincides with the nation’s 250th anniversary.
How money works
Funds must be invested in low-cost index funds tracking primarily US companies. The accounts are locked in until the child turns 18, when they are converted to Individual Retirement Accounts (IRAs). Withdrawals are subject to standard IRA rules, except for qualified expenses such as education, first home purchases or starting a business.
The accounts offer fewer tax advantages than 529 college savings plans, but allow for contributions from a wider variety of sources, including employers, philanthropists and state governments.
Corporate and philanthropic support
Treasury Secretary Scott Bessent said the administration is encouraging wealthy donors and companies from all 50 states to support the initiative. Companies including Visa and BlackRock have pledged to contribute to employees’ children.
Eligibility and access
All children in the US under the age of 18 with a valid Social Security number are eligible. Parents can open accounts using the newly created IRS Form 4547, either when filing their taxes or through an online portal expected to launch in the summer of 2026.
“This is a pro-family initiative that will help millions of Americans use the power of our economy to lift up the next generation,” Trump said, adding that the program gives children a “big jump in life.”
