Trump Accounts - U.S. Government
This page is part of the LOVE Columbia information library website. To contact the organization listed below, please follow links or phone numbers given within the article.
—————————————————————————————————
The US Government will deposit $1000.00 into a custodial account that will be held in that ownership until the child is 18. After that the child can take over full ownership. There are not any early withdraws allowed but after the age of 18, the account is converted to a traditional IRA and can be used for retirement purposes. You can also make contributions to the accounts.
This is FREE money that can also be used for higher education, qualified job training, or even a first-time home purchase. There are no obligations. Get tax-advantaged investment accounts for U.S. citizens under 18 by downloading the official Trump Accounts app on the App Store or Google Play.