Trump Accounts Set to Launch With Strategic Investment Plans

WHO:

Techmeme - President Trump announced that Micron will invest $250 million in Trump Accounts through an employee matching program and a $250 deposit in some U.S. states.

Yahoo Finance - Treasury Secretary Scott Bessent stated, "Trump Accounts are going to be invested in low-cost index funds."

CNBC - Michael Dell and his wife, Susan, pledged $6.25 billion for a grant program.

WHAT:

Yahoo Finance - At launch, all funds in a Trump Account will be automatically invested in the State Street SPDR Portfolio S&P 500 ETF (SPYM), which tracks the performance of the S&P 500 index.

Yahoo Finance - The State Street SPDR Portfolio S&P 500 ETF (SPYM) was selected as the default investment because it is the lowest-cost S&P 500 ETF, with an expense ratio of only 2 basis points.

CNBC - The Treasury Department says parents will be able to choose how to allocate funds across other investment options in the coming months.

CNBC - The accounts function like an IRA, with some exceptions, and can receive contributions from multiple sources, such as family or employers, and the funds grow tax-deferred.

CNBC - The annual contribution limit for Trump Accounts will index for inflation after 2027.

CNBC - Contributions from qualifying charitable organizations and state and local governments may make contributions that do not count toward the $5,000 limit.

CNBC - The accounts could grow to $6,000 by age 18, $15,000 by age 27, and $243,000 by age 55 with the initial $1,000 deposit and no further contributions.

CNBC - If parents contribute an additional $5,000 each year, the accounts could grow to $271,000 by age 18, $742,000 by age 27, and $13 million by age 55.

Yahoo Finance - Parents will be able to choose how to allocate funds across other investment options in the coming months.

CNBC - Goldman Sachs announced it will make a one-time matching contribution of $1,000 to employees with children born between 2025 and 2028 upon enrollment in Trump Accounts.

ABC News - The Trump Accounts initiative is tied to the 250th anniversary of the signing of the Declaration of Independence.

Fox Business - Goldman Sachs CEO David Solomon stated, "Starting early and staying invested for the long term is one of the most reliable ways American families build lasting financial security."

Yahoo Finance - Parents can begin contributing to a Trump Account starting on July 5, with a contribution limit of $2,500 per year.

CNBC - The Dell Foundation's $250 gift is expected to follow soon after the launch of Trump Accounts as accounts are processed, specifically for children who do not qualify for the $1,000 contribution.

ABC News - The Dells' $6.25 billion donation will allow children under 10 in qualifying ZIP codes to receive $250 in seed money if their parents open an account.

ABC News - Hedge fund founder Ray Dalio and his wife, Barbara, pledged $75 million for kids under age 10 in Connecticut, amounting to $250 for 300,000 children in qualifying ZIP codes.

ABC News - Investor Brad Gerstner announced he would donate $250 to Trump Accounts for every child under age 5 in Indiana.

Yahoo Finance - Over 50 companies, including Bank of America, JPMorgan, Intel, and Uber, have committed to contributions for their employees' Trump Accounts.

CNBC - The Dell Foundation's $250 gift is expected to follow soon after the launch of Trump Accounts as accounts are processed.

Yahoo Finance - The State Street SPDR Portfolio S&P 500 ETF (SPYM) was selected as the default investment for Trump Accounts due to its low expense ratio of only 2 basis points.

Yahoo Finance - Other eligible low-cost index ETFs for Trump Accounts include iShares Core S&P 500 ETF (IVV), Vanguard Total Stock Market ETF (VTI), State Street SPDR Portfolio S&P 1500 Composite Stock Market ETF (SPTM), and iShares Core S&P Total US Stock Market ETF (ITOT).

CBS News - Six million people have signed up for Trump Accounts so far, according to a Treasury Department spokesperson.

CBS News - In December 2025, philanthropists Michael and Susan Dell pledged to donate $250 to each of 25 million American children born before 2025 who are under 10 and do not qualify for the government's $1,000 seed contribution.

CNBC - Approximately 186,900 children in New York City qualify for the Treasury's $1,000 seed deposit, representing $186.9 million in government contributions.

Yahoo Finance - Trump Accounts will launch on July 4 and will automatically invest in the State Street SPDR Portfolio S&P 500 ETF (SPYM).

Yahoo Finance - The accounts, also known as 530A accounts, are tax-advantaged investment accounts for children.

Yahoo Finance - A one-time $1,000 contribution from the U.S. Treasury Department will be provided for babies born from 2025 through 2028.

CNBC - Eligible children will receive a $1,000 pilot program contribution from the Treasury Department beginning on or after July 4.

CNBC - Children born between 2016 and 2024 may receive a $250 contribution if they live in a qualifying ZIP code.

Yahoo Finance - Parents can contribute up to $2,500 per year, with a $5,000 annual cap on contributions.

CNBC - The accounts can grow to $6,000 by age 18, $15,000 by age 27, and $243,000 by age 55 with the initial $1,000 deposit and no further contributions.

CNBC - If parents contribute an additional $5,000 each year, the accounts could grow to $271,000 by age 18, $742,000 by age 27, and $13 million by age 55.

WHERE:

CNBC - In New York City, approximately 754,200 children are eligible for the Dell grant, representing $188.5 million in Dell contributions.

CNBC - In New York City, approximately 754,200 children are eligible for the Dell grant.

WHEN:

Yahoo Finance - Trump Accounts are set to officially launch on July 4.

CNBC - The deadline to enroll in a Trump Account is the year before a child turns 18.

WHY:

Yahoo Finance - The accounts are intended to educate children about finance and build long-term wealth for college, home buying, or retirement savings.

CNBC - Proponents believe investing in U.S. stocks creates wealth-building opportunities for children across all income levels.

HOW:

CBS News - Parents can set up the savings vehicle through the Trump Accounts app or at the website trumpaccount.com.

Yahoo Finance - Contributions can be made through an official app, with no IRS form required.

CBS News - Families can sign up for a Trump Account by completing and submitting IRS Form 4547, provided the child is under 18 and has a valid Social Security number.

CBS News - Bank of New York Mellon will initially administer Trump Accounts in partnership with online brokerage firm Robinhood.

CBS News - Parents can set up the savings vehicle through the Trump Accounts app or at the website trumpaccount.com.

Yahoo Finance - Contributions can be made through an official app, with no IRS form required.

CNBC - Parents or guardians can open accounts by filling out IRS Form 4547 with their tax return or on TrumpAccounts.gov.

(UPDATED July 2, 2026 23:20 UTC)

Parents will soon have the opportunity to set up Trump Accounts, which will automatically invest initial funds in the State Street SPDR Portfolio S&P 500 ETF, known for its low expense ratio of just 2 basis points. These accounts function similarly to IRAs, allowing contributions from various sources and offering tax-deferred growth, with the potential to reach significant amounts by the time children reach adulthood. In New York City alone, around 754,200 children are eligible for the Dell grant, which totals $188.5 million in contributions, and parents can easily manage these accounts through the Trump Accounts app or the website trumpaccount.com.

(UPDATED July 2, 2026 19:24 UTC)

In an exciting development for families, Goldman Sachs has announced a one-time matching contribution of $1,000 for employees with children born between 2025 and 2028, which will be available upon enrollment in Trump Accounts. This initiative, linked to the upcoming 250th anniversary of the signing of the Declaration of Independence, allows parents to choose how to allocate funds across various investment options in the months ahead. To sign up for a Trump Account, families will need to complete and submit IRS Form 4547, ensuring their child is under 18 and has a valid Social Security number.

(UPDATED July 2, 2026 15:44 UTC)

Parents will soon be able to contribute to a Trump Account starting on July 5, with a limit of $2,500 per year. In addition, the Dell Foundation plans to provide a $250 gift for children who do not qualify for the $1,000 contribution, while a significant donation of $6.25 billion will enable children under 10 in qualifying ZIP codes to receive $250 in seed money if their parents open an account. The Bank of New York Mellon will initially manage these accounts in partnership with online brokerage firm Robinhood.

(UPDATED July 2, 2026 11:51 UTC)

President Trump has announced that Micron will invest $250 million in Trump Accounts through an employee matching program, along with a $250 deposit in select U.S. states. In addition, over 50 companies, including Bank of America, JPMorgan, Intel, and Uber, have pledged contributions for their employees' Trump Accounts, with the Dell Foundation's $250 gift expected to follow shortly after the accounts launch. Parents can easily set up this savings vehicle through the Trump Accounts app or by visiting trumpaccount.com.

(UPDATED July 2, 2026 10:00 UTC)

The State Street SPDR Portfolio S&P 500 ETF has been chosen as the default investment for Trump Accounts, thanks to its impressively low expense ratio of just 2 basis points. So far, six million people have signed up for Trump Accounts, and other eligible low-cost index ETFs include the iShares Core S&P 500 ETF and the Vanguard Total Stock Market ETF. In a separate initiative, philanthropists Michael and Susan Dell have pledged to donate $250 to each of 25 million American children born before 2025 who are under 10 and do not qualify for the government's $1,000 seed contribution.

(UPDATED July 2, 2026 08:09 UTC)

Treasury Secretary Scott Bessent announced that Trump Accounts will officially launch on July 4, allowing parents to invest in low-cost index funds, specifically the State Street SPDR Portfolio S&P 500 ETF. These tax-advantaged investment accounts, also known as 530A accounts, will provide a one-time $1,000 contribution from the U.S. Treasury for babies born from 2025 through 2028, while children born between 2016 and 2024 may receive a $250 contribution if they live in a qualifying ZIP code. Additionally, eligible parents can contribute up to $2,500 per year, potentially growing the accounts to significant amounts by the time children reach adulthood.