New Trump Accounts Aim to Grow Children's Nest Eggs

Government-funded $1,000 contributions and tax-advantaged savings plans can help parents invest in their kids' futures early.

Published on Mar. 5, 2026

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The new 'Trump accounts' provide a $1,000 government contribution for babies born between 2025-2028, allowing families to invest up to $5,000 annually with an expected 10% annual growth rate. Financial experts encourage parents to start saving early, whether through these accounts or other options like 529 college savings plans, to maximize the time their money has to grow before their children turn 18.

Why it matters

The Trump accounts and other child-focused investment vehicles aim to give families a head start on building financial security for their kids, whether for future college costs, a down payment on a home, or other major life expenses. This type of early, consistent investing can make a big difference in a child's long-term financial outlook.

The details

The new 'Trump accounts,' part of the 'One Big Beautiful Bill Act,' provide a $1,000 government contribution for babies born between January 1, 2025 and December 31, 2028. Families can contribute up to $5,000 per year, with an expected 10% annual growth rate. Parents can sign up when filing taxes using Form 4547 or through an online portal launching in July. While 529 college savings plans and custodial brokerage accounts are other options, financial experts recommend starting small and consistently with any investment vehicle to build a child's nest egg over time.

  • The Trump accounts are available for babies born between January 1, 2025 and December 31, 2028.
  • The online portal to sign up for the Trump accounts is scheduled to launch on July 5.

The players

Jim White

A grandfather who regularly sets aside money to help strengthen his 8-year-old grandson Jaxson's financial future.

Jaxson

Jim White's 8-year-old grandson, who is considering becoming a student counselor or firefighter when he grows up.

Chase Peckham

A financial expert with the San Diego Financial Literacy Center who applauds efforts to invest in children's financial futures.

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What they’re saying

“So every month we put a little bit of money for him and his brother. So when they're older, they'll have either money for college, or you know, a car, house, who knows what, how much stuff will be in the future.”

— Jim White, Grandfather (nbcsandiego.com)

“The government gives them $1,000 nest egg to start with — why wouldn't you do that?”

— Chase Peckham, Financial Expert, San Diego Financial Literacy Center (nbcsandiego.com)

“So I can save people from a fire.”

— Jaxson (nbcsandiego.com)

What’s next

The judge in the case will decide on Tuesday whether or not to allow Walker Reed Quinn out on bail.

The takeaway

This new government-backed savings program, combined with other child-focused investment options, can give families a valuable head start on building financial security for their kids' futures. The key is to start saving early, even in small amounts, to maximize the growth potential over time.