10/29/2026
👶 Skipping the sign-up didn't keep your child out of a Trump Account. On October 1, Treasury opened one for every child under 18 with a Social Security number who didn't already have one, more than 60 million accounts in all.
What Treasury didn't do is hand anyone the keys. Until a parent or guardian claims the account, Treasury holds it, and the only money it can take in comes from charities and state or local governments.
Claiming is what lets grandparents, other family, or an employer add money. It's also the only way a child born from 2025 through 2028 gets the $1,000 Treasury deposit, because a parent has to elect it.
If you're divorced or separated, one rule matters more than the rest. Each child gets one account, and if both parents claim it, the regulations give control to whichever parent activates it first.
If no one ever claims it and no money ever lands in it, it's closed after the year your child turns 17. If a charity or state deposit does land in it, the money waits, and your child can claim it as an adult.
I'm claiming my kids' accounts even though I don't plan to contribute. The rules on these accounts have already changed since July, and with fraud everywhere, having them claimed gives me peace of mind.
Claiming isn't the same as funding, though. When we save for our kids, I'm still putting that money into 529 plans before a Trump Account. Money in a 529 grows tax free and comes out tax free when it's spent on school, and many states give a tax break for contributing. A Trump Account follows IRA rules at 18, so the growth is taxed when it comes out.
To claim, use the official Trump Accounts app or the Trump Accounts website, verify your identity and your relationship to your child, and accept the account terms. The IRS says its phone representatives can't claim it for you, so a text or call offering to do it is one to ignore.
P.S. Once a week, I email the best money article I read, with my take on this week's top Facebook posts and what's new on the Ways to Wealth blog. It's free, and you can sign up on the Ways to Wealth home page.
R.J. Weiss, CFP®
The content shared here is for educational and informational purposes only. It is not personalized investment, tax, legal, or financial advice. Consult a licensed professional before making decisions based on your specific situation.