U.S. to launch Trump Accounts for newborn savings

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President Trump announced that the U.S. Treasury will accept donations of publicly listed stocks to help fund the “Trump Accounts.”

Key points of the Trump Accounts:

• The government will provide $1,000 to every child born on or after January 1, 2025.
• In addition, Michael and Susan Dell will contribute $250 to every account.
• Families or companies can donate up to $5,000 per year.
• When the child turns 18, they can withdraw and use the funds; any remaining amount will roll over into retirement savings.