The Economic Times

Parents could save over $300,000 using Trump accounts these are the required contributions

Parents could save over $300,000 using Trump accounts. Trump Accounts offer a $303,800 windfall for newborns. This figure assumes a $1,000 federal seed and $5,000 annual contributions. Googles 2026 indexing demands high E-E-A-T for financial advice. These Section 530A accounts leverage compound interest for long-term wealth. Parents must file IRS Form 4547 to enroll. Growth remains tax-deferred until age 18. This policy shifts the American savings landscape. Start contributing by July 4, 2026, for maximum gains.