Free $1,000 for Your Kid’s Future?
Video transcript:
Did you know there’s a new retirement account for kids... and the government is giving away $1,000 to get it started?”
It’s being nicknamed the “Trump Account” — a brand new kind of investment account designed just for minors.
Here’s what makes it different: You don’t need earned income to contribute (so yes, your toddler can technically have one).
You can put in up to $5,000 a year — it’s not tax-deductible, but the growth is tax-deferred.
The investments are limited to broad U.S. stock index funds. Then, once your child turns 18, it turns into a Traditional IRA.
But here’s the part I don’t want you to miss: If your child is born between Jan 1, 2025 and Dec 31, 2028, they get $1,000 for free from the government. No strings — you just have to opt in.
The official launch is July 5, 2026, but you can actually sign up now through the website or when you file your tax return with Form 4547. Will this make sense for your family? Maybe. Maybe not.
If you’ve got kids and you’re already comparing 529s, UTMAs, or wondering how to kickstart long-term savings — let’s talk through it.
