CNBC
Trump Accounts are live. Here's how some families plan to use them
Monday, July 6, 2026
Trump Accounts, tax-advantaged investment accounts created under legislation signed by President Donald Trump in January 2025, launched this week. The accounts allow individuals to invest up to $5,000 annually with tax-free growth and withdrawals for qualified expenses including education, housing, and medical costs. Financial advisors report families are reviewing the accounts against existing education savings plans such as 529 plans and Coverdell accounts to determine which tools align with their savings objectives.
Original reporting: https://www.cnbc.com/2026/07/06/how-families-are-using-trump-accounts.html