U.S. to launch Trump Accounts for newborn savings

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.