Trump accounts near launch as Treasury picks BNY and Robinhood, 4 million kids already enrolled
The U.S. Treasury announced that BNY and Robinhood will build and operate the app that powers the Trump accounts.
The platform is expected to launch in July, when families will be able to begin making contributions and managing investments.
Early participation has been significant. According to the Internal Revenue Service, more than 4 million children have already been registered for Trump Accounts through tax filings.
Of those, over 1 million are expected to receive the $1,000 seed money from the federal government.
A high-profile shoutout to Michael and Susan Dell
During the State of the Union address in February, President Trump publicly praised Michael Dell and Susan Dell for their massive financial backing of the program.
The couple has committed $6.25 billion to support the accounts, a contribution Trump highlighted as a major private-sector endorsement of the initiative.
The Dell donation is expected to fund an additional $250 for up to 25 million children.
This extra funding is targeted at children living in ZIP codes where median household income is $150,000 or less, helping extend benefits to families who may not otherwise receive the full advantages of the program.
Who Actually Qualifies for the $1,000 Government Deposit
The accounts were created under Trump’s 2025 One Big Beautiful Bill.
To receive the $1,000 government contribution, a child must:
Be a U.S. citizen
Have a Social Security number
Be born between Jan. 1, 2025, and Dec. 31, 2028
Parents can still open Trump Accounts for children born outside that window, but those children will not receive the federal seed money. Families with older children can still contribute funds but without government assistance.
Funds are invested in low-cost U.S. equity index funds and cannot be accessed until the child turns 18, except under limited circumstances.
What about older children?
Children born before 2025 are not eligible for the $1,000 seed money. However, parents can still open accounts for them as long as they are under 18.
Some younger children; particularly those age 10 and under in qualifying ZIP codes; may still receive $250 from the Dell-funded pool, even if they do not qualify for the government contribution.
Major Employers Move to Match Government Contributions
Large employers are increasingly incorporating Trump Accounts into their employee benefits packages. JPMorgan Chase, Bank of America and Wells Fargo said they will match the government’s $1,000 deposit for eligible employees’ children.
The banks join other financial firms that have already pledged support, including BlackRock, BNY, Robinhood, SoFi and Charles Schwab.
The financial sector has led corporate participation, but companies across industries have also joined the effort. Employers including Intel, Nvidia, Broadcom, IBM, Comcast, Chipotle, Delta Air Lines, Uber and Coinbase have pledged contributions that may reach up to $2,500 per employee annually.
JPMorgan CEO Jamie Dimon said matching contributions aligns with the bank’s long-term focus on employee financial well-being. “By matching this contribution, we’re making it easier for families to start saving early, invest wisely, and plan for their family’s financial future,” he said.
How Families Can Open a Trump Account
The government plans to formally launch the accounts around July 4, 2026, coinciding with the United States’ 250th anniversary celebration. Parents can establish accounts using IRS Form 4547.
Once the account is activated, families may transfer it to their preferred brokerage firm. Parents can contribute up to $5,000 annually, a cap that is expected to adjust with inflation over time.
Employers may contribute up to $2,500 each year. Those employer contributions count toward the account’s annual limit but do not count as taxable income for employees.
Early Interest Surges Following Program Promotion
Families who have not yet registered their children still have an opportunity to do so, particularly if they have not filed their 2025 taxes.
Treasury Secretary Scott Bessent previously estimated that as many as 25 million Americans could eventually participate in the program.
Administration officials describe the initiative as part of a broader effort to expand long-term investing and encourage wealth-building from birth.
Philanthropists Add Billions in Supplemental Funding
The program has drawn strong support from private donors. Michael and Susan Dell pledged $6.25 billion to provide an additional $250 contribution to 25 million children living in ZIP codes with median incomes below $150,000.
Other supporters include hedge fund investor Ray Dalio and venture capitalist Brad Gerstner, who have committed additional targeted contributions to qualifying children in certain states.
Several anonymous donors have also stepped up. San Francisco Mayor Daniel Lurie announced an anonymous donor has pledged $3.5 million to help San Francisco families take advantage of President Donald Trump’s new investment accounts for U.S. children in honor of the Super Bowl happening Sunday at Levi’s Stadium in Santa Clara.
Celebrities, including rapper Nicki Minaj, have publicly endorsed the program and committed to donating, further amplifying its visibility.
How Much Could Trump Accounts Grow Over Time?
Supporters of the program frequently highlight long-term growth projections. White House press secretary Karoline Leavitt said accounts could reach nearly $1.1 million by age 28 if families make maximum annual contributions.
Some Republican lawmakers have promoted similar projections. U.S. Rep. Randy Fine said a $1,000 account could grow to $243,000 by age 55 even without additional deposits.
However, economists caution these projections depend heavily on optimistic market returns and consistent long-term contributions.
Can the Accounts Pay for College or a Home?
The money in these accounts is locked until the child turns 18, with only limited exceptions.
Once available, the funds can be used for specific purposes, including:
Paying for education
Starting a business
Making a down payment on a home
This structure is intended to promote long-term financial stability rather than short-term spending.
Advisors estimates that without additional contributions, the $1,000 seed money could grow to between $8,000 and $46,000 over several decades, depending on market performance, inflation and taxes.
Accounts could meaningfully help with a down payment if families contribute consistently.
Supporters Say Accounts Expand Access to Investing
Backers argue Trump Accounts could help reduce wealth inequality by expanding stock market participation. Venture capitalist Brad Gerstner has promoted the program as a way to make “every child in America a capitalist from birth.”
Administration officials have framed the accounts as a universal wealth-building tool, contrasting them with targeted state-run “baby bonds” programs focused primarily on low-income families.
Critics Warn the Program May Widen Wealth Gaps
Critics argue the accounts do little to help children during their most vulnerable early years, when immediate financial support is often needed.
They also point to broader policy trade-offs, noting that the same tax legislation included cuts to programs like food assistance and Medicaid.
Some analysts warn the program could widen the wealth gap. Families with higher incomes are more likely to contribute the maximum amount each year, allowing their children to accumulate significantly more wealth over time.
Meanwhile, lower-income families may struggle to contribute at all, limiting the program’s impact for those it aims to help most. Even with a 7% annual return, the initial $1,000 would grow to about $3,570 over 18 years; an amount critics say is modest without additional contributions.
A Signature Economic Policy Takes Shape
The Trump Accounts program was included in the president’s sweeping tax legislation last year with no income caps or eligibility restrictions beyond citizenship and birth year. The administration says it represents a long-term investment in American families.
Despite debate over its effectiveness, Trump Accounts are rapidly becoming one of the largest public-private savings initiatives in modern U.S. history. With federal funding, corporate matches and billions in philanthropic donations, the program aims to channel trillions of dollars into long-term savings for future generations.
Whether the initiative ultimately fulfills its promise of expanding financial opportunity will likely depend on participation rates, market performance and families’ ability to contribute beyond the government’s initial deposit.
With the July launch approaching, officials say now is the time to ensure eligible children are enrolled and positioned to receive the initial government contribution.
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Zillow Identifies 7 U.S. Cities Where Buyers Now Hold the Most Leverage
The real estate landscape is shifting as we enter 2026, offering new opportunities for those who have been waiting on the sidelines. According to Zillow’s latest analysis, Indianapolis has emerged as the most buyer-friendly housing market in the United States. This ranking highlights a significant trend: while coastal hubs remain financially out of reach for many, “opportunity metros” are providing home shoppers with the breathing room and affordability they need to secure long-term value.
Zillow Identifies 7 U.S. Cities Where Buyers Now Hold the Most Leverage
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John Dealbreuin came from a third world country to the US with only $1,000 not knowing anyone; guided by an immigrant dream. In 12 years, he achieved his retirement number.
He started Financial Freedom Countdown to help everyone think differently about their financial challenges and live their best lives. John resides in the San Francisco Bay Area enjoying nature trails and weight training.
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