Trump Accounts: Free $1K for Newborns | Savannah News

Trump’s new “Trump Accounts” program could be a game-changer for families saving for college or retirement — offering an automatic $1,000 federal deposit for any baby born and registered by Dec. 31, 2028. Launching in Cobb County, GA, at Wheeler High School, these accounts let parents contribute up to $5,000 annually, with funds locked until the child turns 18. Unlike 529 plans, contributions are made with after-tax dollars but grow tax-deferred — and you can even have both. Experts say even without adding more, that initial $1,000 can grow into free money for your child’s future. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/145c72c1f145aa46