07/23/2025
What is the Trump Account? 🇺🇸👶
The Trump Account is a new savings program launched by the U.S. government in 2025 to help newborns build a strong financial future.
Here’s how it works:
• Every baby born after 2025 receives $1,000 from the government
• The money is placed in a custodial account (similar to a Roth IRA)
• It can be used at age 18 for things like college, buying a first home, or starting a business
• If used for anything else, there may be penalties
What if your child was born before 2025?
There are still great options to help them prepare for the future:
• 529 Plan – a savings plan for education
• Custodial Accounts (UTMA/UGMA) – lets you save money in your child’s name for multiple purposes
• IUL (Indexed Universal Life) – a life insurance policy that builds cash value over time and can be used for future needs
• Roth IRA for teens – available if your teen has a job, and helps them start saving for retirement early
Every family’s needs are different, but there are great tools out there to help you prepare.
If you’d like to learn more or see which option fits your family, reach out to us. We’re here to help. 💛
