Trump Accounts: What Parents Should Know

Trump accounts (also known as “530A accounts”) are government-created retirement accounts for children, established under legislation passed on July 4, 2025 (known as the “One Big Beautiful Bill”). Parents are expected to be able to open accounts beginning July 4, 2026, and begin contributing on July 5, 2026. As part of a pilot program, children born between 2025 and 2028 are eligible to receive a $1,000 government contribution when an account is opened.