Newborn babies could get an extra boost into their Trump Account from private companies.
Contribution Match
A long list of companies said they will match their employees’ contributions to the accounts. They include Uber, Chipotle, Comcast, Coinbase, Steak ‘n Shake, Charles Schwab, and BlackRock.“The President foresees a day where matching contributions to Trump Accounts will be as integral to an employee benefits package as a matching 401(k),” Treasury Secretary Scott Bessent said on Jan. 28.
Families can deposit up to $5,000 into their child’s Trump Account each year, but the money cannot be withdrawn until the child is 18.
“Keeping accounts locked until age 18 will require Americans to learn the art of long-term savings and compound growth,” Bessent said.
At age 18, the account holder will have the option to withdraw money, without penalty, to buy a home, go to college, or start a business.
Dell’s Donation
Philanthropists Michael and Susan Dell said they will donate an additional $250 into accounts for 25 million kids growing up in low and middle-income households.Their charitable commitment amounts to $6.25 billion.
Connecticut
Billionaire hedge fund manager Ray Dalio and his wife, Barbara, pledged $75 million to fund Trump Accounts for more than 300,000 children in Connecticut.Each child will receive an additional $250 contribution to their account.
Rewards Points
Visa announced it will let users deposit their cash back rewards directly into their Trump Accounts.“That’s a big deal,” Trump said during a speech at a Treasury event held at the Andrew W. Mellon Auditorium.
Trump added that the credit card company will make an entirely new platform to allow parents to easily transfer funds into their children’s accounts.







