Trump Accounts: An Overview
Trump Accounts: What They Are, Who They’re For, and Where to Learn More
You may be hearing more about “Trump Accounts” in the news and on social media. We’re sharing this overview to help you understand what they are, how they might help some families, and where to find reliable information.
What is a Trump Account?
A Trump Account is a new, government-created, tax-advantaged investment account for children under age 18. It’s designed to help families start investing early for a child’s long-term future. Official information is available through the federal program site and IRS resources.
While details can vary based on final implementation (expected to launch July 5, 2026) and provider rules, coverage from major financial institutions and public reporting commonly describes these as a custodial-style account (an adult manages it for the child until they reach adulthood), with investments typically limited to broad, low-cost index funds.
Who is eligible?
All U.S. children under 18 with a valid Social Security Number are eligible to establish a Trump Account. Parents or legal guardians can open and manage accounts on behalf of their children.
For the most accurate, up-to-date rules, we recommend starting with the official program website and IRS guidance.
How might a Trump Account be beneficial?
A Trump Account may be appealing for families who want:
- A way to jump- start your child’s savings. Every American child born between January 1, 2025, and December 31, 2028 will get $1,000 in their account.
- A structured way to invest for a child early (time in the market can matter).
- Tax advantages (specific tax treatment depends on how the program is finalized and how withdrawals work).
- A simple, broad-market investment approach (typically using low-cost index funds).
That said, these accounts may not be the best fit for everyone. Other savings options like 529 plans, custodial accounts, or other child-focused strategies can have different rules and benefits. Some experts have also cautioned that misinformation is common, so it’s worth double-checking details before acting.
Because Investment Service Center can’t open one for you or provide account servicing. However, here are reliable next steps:
- You can elect to open Trump Accounts for your eligible children using the newly created IRS Form 4547. You can do this when you file your taxes or through an online portal that will be available by summer 2026. Continue to check the official federal program site for the latest information.
- As with any new financial program, scammers may use confusing language or “official-sounding” pages. Stick to .gov websites and well-known financial institutions, and be cautious about anyone pressuring you to act quickly or pay fees to “claim” a benefit.
Frequently asked questions
Can I open a Trump Account at The Investment Service Center?
The Investment Service Center does not open, manage, administer, or maintain Trump Accounts. If you’d like to explore one, you’ll need to use the official government resources and/or a participating financial institution that offers them.
Certain governmental entities and charities may also make qualified general contributions to Trump Accounts, if given to a qualified class of account beneficiaries. Other persons are also able to make contributions up to an aggregate limit of $5,000 per year. Furthermore, an employer may contribute to a Trump Account of the employee or the employee’s dependent up to $2,500 per year (which counts against the $5,000 annual limit) under an employer’s Trump Account contribution program, and the contribution will not count toward the employee’s taxable income. The annual contribution limits are indexed to inflation and will adjust starting after 2027.
Amounts generally cannot be withdrawn from Trump Accounts before January 1st of the calendar year in which the child turns 18 years old. After that point, the account generally is treated as a traditional IRA and generally is subject to the same rules as other traditional IRAs.
No. Any account statements, investment management, and tax reporting would come from the program administrator and/or the financial institution where the account is held.
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What if I want help deciding whether this fits my family?
We can always talk through general savings goals and budgeting strategies, but for the specifics of Trump Accounts (opening, administration, forms, eligibility, and program rules), please use the official government resources and the provider offering the account.
The opinions voiced in this material are for general information only and are not intended to provide specific advice or recommendations for any individual.
This material was prepared by Nathan Wyatt for the Investment Service Center’s use.
Investing involves risks, including the loss of principal.
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Another government shutdown; another batch of delayed economic data. The most anticipated report last week was the January jobs report, now due out this Wednesday. Our models suggest the economy added 52k jobs in January, although annual revisions may have cut ~1mn jobs from March 2025 payrolls. The unemployment rate likely held steady at 4.4% but could have ticked lower.
The unemployment rate should be the key labor market gauge guiding monetary policy in 2026. A spike in unemployment could prompt more dovish policy. However, Census Bureau (CB) population projections suggest it should remain low. In its 2023 projections of population growth with low immigration, the CB assumed net migration of 389k for the year ended June 2026. The population still grew by 82k monthly in this scenario, but entirely due to growth in the 65+ population. The working age population (18–64) was expected to fall 14k monthly. Updated projections recently cut the net migration estimate to 321k. Reduced immigration disproportionally impacts the supply of working age individuals as ~70% of immigrants fall into this cohort, and fresh estimates imply a 19k monthly decline in the working age population. In turn, the total labor force (16+) could grow by just 35k per month, or 0.02%, in 2026, assuming the participation rate holds at 62.4%. If so, household employment would need to grow just 33k monthly to keep the unemployment rate steady. In 2025, it grew 200k per month.
Even if labor demand remains sluggish, constrained labor supply should cap the unemployment rate. Labor demand might even surge temporarily in 1H26 alongside fiscal stimulus, putting downward pressure on the unemployment rate. This, in turn, should limit Federal Reserve rate cuts to two or fewer over the course of 2026.
Chart of the Week: Source: BLS, Census Bureau, FactSet, J.P. Morgan Asset Management. Analysis based on 2025 Vintage population estimates from the Census Bureau and assumes constant labor force participation rate of 62.4%.
Thought of the Week: Source: BLS, Census Bureau, J.P. Morgan Asset Management.
Index: Institute for Supply Management Manufacturing Index; PCE: Personal consumption expenditures; Philly Fed Survey: Philadelphia Fed Business Outlook Survey; PMI: Purchasing Managers' Manufacturing Index; PPI: Producer Price Index; SAAR: Seasonally
Adjusted Annual Rate
MSCI EAFE is a Morgan Stanley Capital International Index that is designed to measure the performance of the developed stock markets of Europe, Australasia, and the Far East.
Bond Returns: All returns represent total return. Index: Bloomberg US Aggregate; provided by: Bloomberg Capital. Index: Bloomberg Investment Grade Credit; provided by: Bloomberg Capital. Index: Bloomberg Municipal Bond 10 Yr; provided by: Blomberg Capital. Index: Bloomberg Capital High Yield Index; provided by: Bloomberg Capital.
Key Interest Rates: 2 Year Treasury, FactSet; 10 Year Treasury, FactSet; 30 Year Treasury, FactSet; 10 Year German Bund, FactSet. 3 Month LIBOR, British Bankers’ Association; 3 Month EURIBOR, European Banking Federation; 6 Month CD, Federal Reserve; 30 Year Mortgage, Mortgage Bankers Association (MBA); Prime Rate: Federal Reserve.
Commodities: Gold, FactSet; Crude Oil (WTI), FactSet; Gasoline, FactSet; Natural Gas, FactSet; Silver, FactSet; Copper, FactSet; Corn, FactSet. Bloomberg Commodity Index (BBG Idx), Bloomberg Finance L.P.
information from FactSet's Pricing database as provided by MSCI. Russell 1000 Value Index,
Style Returns: Style box returns based on Russell Indexes with the exception of the Large-Cap Blend box, which reflects the S&P 500 Index. All values are cumulative total return for stated period including the reinvestment of dividends. The Index used from L to R,
top to bottomare: Russell 1000 Value Index (Measures the performance of those Russell 1000 companies with lower price-to book ratios and lower forecasted growth values), S&P 500 Index (Index represents the 500 Large Cap portion of the stockmarket, and
is comprised of 500 stocks as selected by the S&P Index Committee), Russell 1000 Growth Index (Measures the performance of those Russell 1000 companies with higher price-to-book ratios and higher forecasted growth values), Russell Mid Cap Value Index (Measures
the performance of those Russell Mid Cap companies with lower price-to-book ratios and lower forecasted growth values), Russell Mid Cap Index (The Russell Midcap Index includes the smallest 800 securities in the Russell 1000), Russell Mid Cap Growth Index (Measures the performance of those Russell Mid Cap companies with higher price-to-book ratios and higher forecasted growth values), Russell 2000 Value Index (Measures the performance of those Russell 2000 companies with lower price-to-book ratios and lower forecasted growth values), Russell 2000 Index (The Russell 2000 includes the smallest 2000 securities in the Russell 3000), Russell 2000 Growth Index (Measures the performance of those Russell
2000 companies with higher price-to-book ratios and higher forecasted growth values).
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