Questions parents ask

Short, plain-English answers, with the official sources linked.

• Is the $1,000 Trump Account deposit automatic?No. Even if Treasury opened an account for your child, you have to claim the money.
• Trump Account or 529: which is better for college?For college, a 529 usually leaves more. Claim the free $1,000 anyway.
• What happens to a Trump Account when my child turns 18?The account becomes theirs. Money can come out, with tax on the growth.
• Can grandparents and employers add money to a Trump Account?Yes. Up to $5,000 a year in total, and an employer can put in up to $2,500 of it.