Open a Presidential Savings Account for your child at www.trumpaccounts.gov

Presidential Savings Accounts may now be opened for any of your children to start them off with their own nest egg for their future retirement. Parents may contribute up to $ 5000 per year per child, and any children born this year through the end of 2028 will receive a $1000 gift from the federal government in their account. The money is invested in a diversified investment vehicle designed to maximize long-term growth while minimizing risk. Once the child turns 18, they will have full access to the funds to manage and use for their future goals. Withdrawals will be taxed at ordinary income tax rates. Visit www.trumpaccounts.gov for more information and to open an account.

Next
Next

Behind on paying your state or federal taxes? Contact a professional today.