INDIANAPOLIS — On Giving Tuesday, the Michael and Susan Dell Foundation announced a $6.25 billion donation to support kids with Trump Accounts — a new investment savings program for children under 18.

Trump Accounts, established under the One Big Beautiful Bill Act, are designed to help children start saving early for retirement.

The accounts are tax-deferred, meaning taxes are paid when the money is withdrawn.

Kate Ashford with NerdWallet said this is an opportunity for parents to open an investment account for their child.

"You can invest in these accounts until age 18, at which point these accounts sort of become IRAs (individual retirement accounts), and you can save for your child's future this way," Ashford explained.

Any child under 18 with a valid Social Security number may op

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