What families need to know about Trump accounts

Trump accounts were enacted via President Donald Trump's big beautiful bill in July and they are investing accounts for kids under the age of 18 and kids born between 2025 and 2028 are eligible for $1,000 seed money from the Treasury Department. In addition to the seed money, families can contribute up to $5,000 per year. There's been a growing number of employers who have also pledged to match the $1,000 seed money from the Trump administration for their employees.And then there's been philanthropists as w ...