Michael Dell, Ray Dalio, and Brad Gerstner are among the wealthy individuals who have pledged significant financial contributions to the newly launched "Trump Accounts," a savings initiative for children.
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Wealthy individuals pledge billions to Trump Accounts for children
IN SHORT
Michael Dell, Ray Dalio, and Brad Gerstner are among the wealthy individuals who have pledged significant financial contributions to the newly launched "Trump Accounts," a savings initiative for children.
Frequently asked questions
Trump Accounts are a new federal initiative providing investment savings accounts for children, designed to encourage capitalism and wealth building.
Children born between 2025 and 2028 are eligible for a $1,000 federal seed contribution. Specific eligibility for private contributions varies by donor.
Parents can contribute up to $5,000 annually per child, and employers up to $2,500 annually per child. Wealthy individuals have also made large pledges.
Funds can be withdrawn when the child turns 18, for major purchases such as tuition or a down payment on a home.
What Happens Next
01Children will be able to access funds from their accounts upon reaching 18 years of age.
02Further details on the specific criteria for federal and private contributions may be released.
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Wealthy individuals pledge billions to Trump Accounts for children