Children born before 2025 who are under 18 can also open a Trump Account, but they are not eligible for the government’s $1,000 seed contribution.
President Trump hosted the heads of the New York Stock Exchange and Nasdaq in the Oval Office on Monday to celebrate the official launch of the long-awaited Trump Accounts, the child investment accounts that went live on July 4.
As part of the event, officials from both exchanges attended as Trump rang opening bell for the NYSE and NASDAQ from the White House in a symbolic gesture highlighting the administration’s push to make long-term investing more accessible to American families.
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Under the One Big Beautiful Bill, every eligible U.S. citizen born between Jan. 1, 2025, and Dec. 31, 2028, will receive a Trump Account funded with a one-time $1,000 deposit from the federal government. Parents can contribute up to $5,000 annually, with up to $2,500 per year eligible to come from an employer tax-free. Those contribution limits will be adjusted annually for inflation.
Children born before 2025 who are under 18 can also open a Trump Account, but they are not eligible for the government's $1,000 seed contribution.
According to projections from the White House's Council of Economic Advisers, a child whose family contributes the maximum amount each year could accumulate about $303,800 by age 18 and roughly $1.09 million by age 28 under an average-return scenario. With annual contributions equal to half the maximum, the account could grow to about $154,800 by age 18 and $555,000 by age 28.
Billionaire Michael Dell, CEO and founder of Dell Technologies, was also a guest at the White House event, where he praised the endeavor at the podium.
“Today, every newborn American child will start their life with $1,000 invested in America’s greatest companies, compounding for the future,” he said. “But Susan and I didn’t want the children who were born just before to be completely left out, so we are contributing $6.25 billion—$250 to 25 million eligible American children—born between 2016 and 2024, invested in America’s greatest companies for their future; for their tuition, for down payments, for start-up capital for a business. And to every business leader out there who hasn’t already joined us, please join us.”
Trump encouraged parents to sign up for the accounts and referred to them as "a miracle."
“If parents have not done so already, and they are doing so in record numbers, they should go right away to TrumpAccounts.gov and sign their child up for a free investment savings account,” Trump said. “In a way, it’s a miracle.”
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