Trump Accounts officially launched on July 4, 2026, providing a one-time $1,000 government seed contribution for eligible US children born between 2025 and 2028 [1, 2, 3, 4]. The program allows parents, relatives, friends, and employers to contribute additional funds up to an annual limit of $5,000 per child, with employers allowed to contribute up to $2,500 per year [2, 3].

Accounts are available to US children under 18 with Social Security numbers and invest funds primarily in a low-cost ETF tracking the S&P 500, with plans to add other US stock index funds [2, 3, 4]. Funds cannot be withdrawn until the child turns 18, at which point the child gains control of the account. Withdrawals used for education, first-time home purchases, entrepreneurship, or retirement expenses after age 18 are exempt from early withdrawal penalties [2, 3, 4].

However, investment earnings in Trump Accounts are taxed upon withdrawal and do not offer the same tax advantages as 529 education savings plans. Financial experts advise that parents saving specifically for education may still prefer 529 plans [2, 3].

As of early June 2026, about 6 million Trump Accounts had been opened nationwide, including approximately 1.4 million newborns who qualified for the $1,000 government seed funding [2, 3]. Major companies such as Citi, JPMorgan Chase, and Chipotle announced matching contributions for employees' eligible children [2, 3].

The program’s launch event took place July 6 from the White House Oval Office. President Donald Trump rang the opening bells at NYSE and Nasdaq remotely in a ceremony attended by CEOs and officials, including Michael and Susan Dell, who pledged $6 billion to support the program [1]. Brad Gerstner, CEO of Invest America, said the program "makes real the promise of the American dream, not for some but for everybody," while Robinhood CEO Vlad Tenev called the accounts "potentially life changing" [1].

Trump Accounts provide a new nationwide opportunity for families to invest in children’s futures with early seed funding and ongoing contributions. The program is actively expanding its investment options and employer participation.

Enrollment remains open for eligible children born through 2028 to receive the initial government seed contribution, with accounts continuing to grow across the country [1, 2, 3, 4].