05/29/2026
Trump Accounts are new tax-advantaged investment accounts designed for children under age 18. Eligible children born between January 1, 2025, and December 31, 2028, may qualify for a one-time $1,000 contribution from the U.S. Treasury, with parents and family members also able to make additional annual contributions. Based on current program details, funds may later be used for qualified expenses such as education, a first home purchase, or retirement savings.
The newly launched app allows parents and guardians to monitor balances, track investment performance, and manage contributions directly from their mobile devices. Families can begin the enrollment process through IRS Form 4547 and access additional information through https://www.trumpaccounts.gov/
If you have a child or grandchild who is eligible for the $1,000 government seed and are interested in setting up an account, please reach out to us directly and we can assist families with filing Form 4547 and establishing the accounts.
For clients with existing 529 education savings plans, we are not currently recommending reallocating those funds into Trump Accounts.
If you have any questions regarding Trump Accounts or whether they may fit into your family’s financial plan, please feel free to reach out.
Your Waterford Team
Trump Accounts provide eligible American children with tax-advantaged investment accounts courtesy of President Donald J. Trump.
