NEW YORK —

President Donald Trump formally introduced a program that would deposit $1,000 into the individual accounts of children born between 2025 and 2028. The "Trump Accounts" are designed to grow with investment earnings over time, similar to existing 529 plans and traditional individual retirement accounts, both of which are tax-advantaged savings plans.

The "Trump Accounts" will initially be created by the Treasury Department's designated financial agent , and the money will be invested in broad U.S. equity index funds such as the S&P 500. At this time, it's unclear exactly how the investment process will work or what specific investments will be made. At a later date, parents or guardians will be able to transfer the full balance to their preferred brokerage firm.

Scott Lain

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