Ep 407 | Born to Own: The Power of Compound Growth

Let's start with what actually happened.

Buried inside last year's big tax law was a new kind of savings account for children, and this Fourth of July, it went live, and here's how it works.

Any American child under 18 with a Social Security number can have a Trump account, and for every child born between 2025 and 2028, the Treasury drops in $1,000 to start.

Seed money, a gift, no strings.

The account belongs to your child.

You manage it until they turn 18.

You can leave that $1,000 to grow on its own or add up to $5,000 a year.

The money's invested in American companies, a low-cost index of the US stock market.

One thing every new parent needs to hear, this money is not automatic.

You have to claim it.

File a simple election for your child through the IRS at trumpaccounts.gov. No election, no $1,000.

If you've welcomed a baby, don't leave it on the table.

It takes a few minutes.

It may be the highest return paperwork you ever file, and Americans are already saying yes.

In the first six months, roughly six million accounts have been opened, well over a million of them newborns claiming that $1,000 seed.

This isn't a pilot gathering dust.

Families are moving.