Children's savings vehicles earn their value at the margin: the gap between what goes in and when it can come out determines whether a program compounds meaningfully or simply moves money around. Trump Accounts, a new savings program for children, are scheduled to go live on July 4, with a built-in free-money component available to children who meet the eligibility criteria.
For parents, the practical work before that date comes down to two questions: whether their child qualifies for the government contribution, and what the withdrawal timeline permits. The July 4 launch sets the deadline for getting those answers.