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The constraint in any government-sponsored children's savings program is sequencing: eligibility controls who receives the free-money deposit, and a defined trigger controls when funds can come out.
Trump Accounts, a savings program for minors that launched on July 4, operate through that chain.
For parents, the practical questions reduce to two: whether their child qualifies for the government contribution, and under what conditions withdrawal becomes available.
The program provides a free deposit to qualifying children, but eligibility is defined.
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