Nephew’s latest gift is a share of Apple stock–thanks to Trump’s investment plan for kids.
It might sound strange, but this 21st-century piggy bank could be a key to closing wealth gaps. Nearly 6 million Trump Accounts have opened their doors to young investors under 18. It’s a new federal initiative encouraging kids to dip their toes into the world of stocks.
A New Era of Baby Bonds
These accounts want your child to dream big. Ding dong, tax-advantaged investment right out of the cradle. By design, Trump Accounts work like custodial IRAs, converting to traditional IRAs at age 18. Think of it as a starter kit for Wall Street.
The goal is to piggyback on the success of index funds, specifically those tracking the S&P 500. Recent data shows over a million kids are either eligible for or have claimed a $1,000 seed from Uncle Sam. Free money…if they were born between January 1, 2025, and December 31, 2028.
