More on the Trump Accounts

Regardless of how you feel about President Trump, don’t overlook the power of the new Trump accounts and how they could be life changing for your child or grandchild. 

Parents can set up an account by filing IRS form 4547 with their 2025 tax return or later through TrumpAccounts.gov.

Families can contribute up to an inflation adjusted $5,000 annually and employers can add up to $2,500 per year which is excluded from the employee’s taxable income and counts towards the $5,000 limit. 

Look at the power of compound growth. 

The initial funding in 2026 of $1,000 plus $5,000 maximum annual contributions at 10%, the approximate average annual return of the S&P 500, grows to approximately $280,000 by age 18

And approximately $26.4 million by age 65 (equivalent to $6.5 million in today’s dollars using a 3% annual inflation rate). 

Life changing numbers for your child or grandchild due to the power of compounding.