When Does My Kid Get the Free Trump Account Money?

“Trump accounts” are launching with a $1,000 federal contribution for eligible children, and families can make additional contributions that grow in U.S. stock-market index funds until funds become available at age 18. Erin Koeppel, CFP Board’s Managing Director of Government Relations & Public Policy Counsel, noted that eligible children should be able to claim the $1,000 contribution during the enrollment period through the year they turn 17, though the rule is not yet final, and emphasized that families must first open an account to receive the benefit.

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