Trump Accounts for kids launch July 4: What parents need to know

The Trump Accounts for kids program launches July 4. The accounts allow custodians to open savings accounts for minors, with the program offering a matching contribution structure. Funds deposited into the accounts can be withdrawn once the account holder reaches age 18 or after a specified holding period, whichever comes first. Account custodians must meet income eligibility requirements to qualify for the matching contribution portion of the program.

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