The New Trump Account
With several questions from you guys in the field … and most of them unanswered …
The most important, Will I MISS IT ? The answer is we have plenty of time, so no worries on missing this account opiton!
A Rainy weekend (Saturday) here in the south made for some discoveries … As a starting point, here is the Government website
When – Available July 4, 2026 ! This is the biggest discovery and likely why there has only been a smattery of information up to this point.
Who – Those born in 2025 through 2028 will qualify for a $1k donation made from the US Government – Those under age 18 can have a contribution of $5k per year per child (this must be a gift unless the child is earning at least the $5k). Form 4547 on your 2025 Tax Return can get the contribution started as well.
What – After tax contribution, tax free growth, tax free withdrawals if used for higher education or first home and age 18 or at retirement.
Good – Contributions made irrespective of income/phase outs/restrictions, Early withdrawal options available,
Must know – Age 18 total control. See next point on uncertainty of where the account can be held or how. Other accounts available with similar characteristics but even more control ie age 21 control available. Similar to our Donor Roth favorite
A Government Account – Is this the only way to invest? Rumors of self directed accounts (think Schwab, Fidelity or the like) but nothing we can sink our teeth into at this time other than a Government controlled account…
This for sure will not be our only comments… we expect tons more clarity as we get through tax season and tax filings ie the Form 4547
Have a Great “New Child Account” Update!
John A. Kvale CFA, CFP
AI Content Authenticity: All of the following text content has been completed by myself and has not been edited or created by AI. Occasionally we do use AI for images and will note when appropriate.
Founder of J.K. Financial, Inc.
A Dallas Texas based fee only
Financial Planning Total Wealth
Management firm.
