James48843
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If you haven’t heard, the IRS just issued new rules for the upcoming “Trump Account” IRA’s for children, starting in 2026.
Basically, ANY child under Age 18 can have an account established, and will get money from the federal government to START a IRA style savings plan. The IRS rule says $1000 federal contribution the first year. The kicker is that it has to be invested in a qualified index fund, AND, at age 18 it becomes an IRA type retirement account, that they can’t withdraw until old age. Well, there is more to it. It’s part of a bill passed earlier.
Here is the IRS write up about the program.
www.irs.gov
Basically, ANY child under Age 18 can have an account established, and will get money from the federal government to START a IRA style savings plan. The IRS rule says $1000 federal contribution the first year. The kicker is that it has to be invested in a qualified index fund, AND, at age 18 it becomes an IRA type retirement account, that they can’t withdraw until old age. Well, there is more to it. It’s part of a bill passed earlier.
Here is the IRS write up about the program.
Treasury, IRS issue guidance on Trump Accounts established under the Working Families Tax Cuts; notice announces upcoming regulations | Internal Revenue Service
IR-2025-117, Dec. 2, 2025 — The Department of the Treasury and the Internal Revenue Service today issued a notice announcing upcoming regulations and providing guidance regarding Trump Accounts, which are a new type of individual retirement account for eligible children.
