Trump Account Program to Open Registration and Initial Funding on July 4

The U.S.-launched “Trump Account” program said registration and initial funding will open on July 4. According to Odaily, the plan was first proposed alongside the “Big Beautiful Act” and allows parents to set up tax-deferred investment accounts for children under 18. The accounts can receive additional contributions from family members, friends, and employers, with annual deposits capped at $5,000, with the limit set to be adjusted for inflation in the future. The program also allows companies to provide subsidized contributions for employees’ children of up to $2,500 per year. Once the account holder turns 18, the account will automatically convert to a traditional IRA structure, allowing continued investing and additional contributions.