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Today’s Lead Story

Thursday, July 9

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Trump Accounts Are Open: How the New Child Investment Account Works

via NBC News

A new federally-backed investment account for children under 18 launched July 4, offering a $1,000 government seed deposit to babies born between 2025 and 2028, with families able to add up to $5,000 per year. The money is invested in U.S. stock ETFs managed by Bank of New York Mellon and converts into a traditional IRA when the child turns 18.

Why it matters

Parents and guardians of young children can open a Trump Account now to capture the $1,000 federal head start and begin building long-term, tax-advantaged savings.

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