Jul. 6 at 7:26 PM
Trump Accounts offer 2
$BLK ETFs -
$IVV &
$ITOT
The Treasury Dept will seed Trump Accounts w/
$1,000 for babies born b/n Jan 1, 2025 - Dec 31, 2028
Parents can also open accounts for older children who are ineligible for the bonus. Parents can contribute up to
$5,000/ year to a Trump Account
~6M parents have applied to open Trump accounts - of that number, 1.4M accounts are eligible for the newborn bonus, which should add up to
$1.4B alone
Note: the default fund option is a coup for
$STT $SPYM ETF
Treasury Dept said that it will accept philanthropic contributions of readily tradable public company stock to support Trump Accounts
Note: Charles Schwab & Robinhood, have announced plans to match the gov's
$1,000 contribution for employees w/ eligible newborn children