custodial brokerage account
Coverage of custodial brokerage account in the Nexus archive.
- Trump Accounts draw 6.5 million sign-ups, but some families are still waiting on the promised $1,000 funding
Trump Accounts, a tax-advantaged investment program for children under 18, have 6.5 million sign-ups, with 1.5 million eligible for $1,000 seed funding for babies born from 2025 to 2028. However, some parents report delays in receiving the promised funds, despite the program's launch in July 2024.
- As the president touts Trump Accounts, some families are still waiting for baby’s $1,000
President Donald Trump promotes Trump Accounts, which provide $1,000 in seed money for children born during his second term, but some parents report delays in receiving the funds. The accounts, created through a tax and spending bill, aim to give children investment opportunities, though critics note uneven access. The Treasury Department reports 6.5 million sign-ups, with 1.5 million eligible for the $1,000 incentive.