Jun 23, 2026 · 56 min · 10 segments
Host Paul Mueller is joined by AIER scholars Tom Savidge and Dave Hebert to discuss one of the most intriguing and controversial provisions in the One Big Beautiful Bill: Trump Accounts. The program…
Tom SavidgeGuestWell, thank you, Tom and Dave, for joining me for this episode of The Economist Next Door, where we are diving into Trump accounts.
And the Trump accounts are going to be kicking off July 4th of 2026 is when you can start funding them.
We have some slightly different views here about whether this Trump account is going to be useful, not useful, some of the downsides.
But I thought it'd be helpful both to explore the accounts and also to Think about how they fit within the broader idea of social safety nets, of welfare programs, retirement programs, because what we have here is maybe a way of doing things differently in the future, or maybe not.
And they're essentially what you might call baby IRAs or baby individual retirement accounts.
So they're tax deferred investment vehicles that are designed to give every American child a financial head start.
The way these are set up is people can contribute up to $5,000 per year into any child's Trump account.
There's some tax incentives for employers to match what employees put into the accounts.
The accounts are set up so that children don't really have access to the funds until they're 18.
Now, we call these Trump accounts, technically they're called Section 530A individual retirement accounts.
Just kind of rolls off the tongue there, but that's why we call them Trump accounts.
They will become available for people to kind of access and start contributing money to on July 4th, 2026.
Well, thank you, Tom and Dave, for joining me for this episode of The Economist Next Door, where we are diving into Trump accounts.
And the Trump accounts are going to be kicking off July 4th of 2026 is when you can start funding them.
We have some slightly different views here about whether this Trump account is going to be useful, not useful, some of the downsides.
But I thought it'd be helpful both to explore the accounts and also to Think about how they fit within the broader idea of social safety nets, of welfare programs, retirement programs, because what we have here is maybe a way of doing things differently in the future, or maybe not.
And they're essentially what you might call baby IRAs or baby individual retirement accounts.
So they're tax deferred investment vehicles that are designed to give every American child a financial head start.
The way these are set up is people can contribute up to $5,000 per year into any child's Trump account.
There's some tax incentives for employers to match what employees put into the accounts.
The accounts are set up so that children don't really have access to the funds until they're 18.
Now, we call these Trump accounts, technically they're called Section 530A individual retirement accounts.
Just kind of rolls off the tongue there, but that's why we call them Trump accounts.
They will become available for people to kind of access and start contributing money to on July 4th, 2026.
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