@rickythesteadyinvestor: Want to open a Trump Account for your child? Here’s how 👇 1️⃣ Go to TrumpAccounts.gov or log into your IRS Individual Online Account. 2️⃣ Complete Form 4547 to elect to open the account for your child. Your child generally needs to be under 18 and have a valid Social Security number. 3️⃣ If your child was born 2025–2028, is a U.S. citizen and meets the requirements, elect the $1,000 government contribution on Form 4547. 4️⃣ Complete the activation process and set up access through the official Trump Accounts app. 5️⃣ Once established, family and others can contribute. Generally, up to $5,000 per year of contributions subject to the annual limit can go into the account during the growth period. Why I like these accounts: 💰 Eligible newborns get a $1,000 head start from the government 📈 The money is invested for long-term growth, not just sitting in savings ⏳ It can compound from childhood all the way to retirement 👨‍👩‍👧 Parents, family members and even employers can potentially contribute 💼 The child doesn’t need earned income for contributions during the growth period 🔄 At 18, traditional IRA rules generally take over, creating additional long-term retirement planning possibilities A small amount invested early has something most adults can never get back: time. Save this for when you’re ready to open one. #TrumpAccounts #InvestingForKids #FamilyFinance #PersonalFinance #Investing

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Friday 21 August 2026 14:53:35 GMT