'Trump accounts,' explained: Who qualifies, how they work and when you can claim

President Donald Trump unveiled a sweeping new savings initiative for children, dubbed "Trump accounts," a government-created investment program established under the One Big Beautiful Bill Act. The accounts function much like traditional long-term investment vehicles, but with rules specifically designed to protect young savers. Available only to those under 18, they’re funded through federal seed money, private contributions from families and, when applicable, supplemental deposits from employers or nonpr ...