530A Trump Accounts Are Live 7/14/26

Summary

This CNBC segment explains the newly live 529A Trump accounts, tax-advantaged investment accounts for U.S. children under 18. Sharon Epperson details eligibility, government and employer contributions, and tax benefits. Parents Adam Bergman and Will Matthews share contrasting views on the accounts’ attractiveness, with Bergman emphasizing long-term tax-free wealth and Matthews remaining lukewarm.

• 529A Trump accounts are now available for U.S. children under 18.
• Eligible babies born 2025-2028 receive a one-time $1,000 federal contribution.
• Families can contribute up to $5,000 per child per year tax-free.
• Dell provides $250 contributions to some accounts.
• At age 18, accounts convert to traditional IRAs, which can be rolled to Roth IRAs.
• Adam Bergman plans $5,000/year per child, calling them future tax-free millionaires.
• Will Matthews appreciates free money but sees limited tax advantages.