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U.S. Treasury Launches Trump Account for Minors with $1,000 Seed Funding, Opens Registration July 4

2026-06-26 15:48:14

According to PANews, on June 26, the U.S. Treasury launched Trump Account, a tax-deferred retirement account designed for minors. The Treasury will deposit $1,000 seed funding into each account for newborns born between 2025 and 2028. Parents, relatives, employers, and account holders can contribute up to $5,000 annually thereafter, with employers able to add an additional $2,500 per child per year. Account assets will be invested primarily in low-cost U.S. equity index funds and automatically convert to personal retirement accounts at age 18. Registration opens July 4.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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