Trump account officially launched on July 4th, US newborns receive $1000: NASDAQ and NYSE ring the opening bell together at the White House for the first time.

The starting point for American children’s financial education will begin with a gun salute in the Oval Office of the White House. White House National Economic Council Director Kevin Hassett revealed that to celebrate the official launch of the “Trump Accounts” for minors on July 4, Nasdaq and the New York Stock Exchange officials will team up for the first time next week to jointly ring the opening bell in the Oval Office.
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Key Takeaways

• Trump Accounts launch on July 4. U.S. citizens born between 2025 and 2028 will each receive a $1,000 government seed grant, and anyone with a Social Security number under 18 can open an account
• Officials from Nasdaq and the New York Stock Exchange will team up for the first time next week to jointly ring the opening bell in celebration of the account launch in the White House Oval Office
• The accounts are IRAs; children take over at 18; the annual contribution limit is $5,000 for 2026 and 2027 per child; the Michael Dell couple donates $6.25 billion, adding $250 for some children each

The White House wants to move Wall Street’s opening bell into the President’s office. White House National Economic Council Director Kevin Hassett revealed that, to celebrate the official launch of the “Trump Accounts” for minors, officials from Nasdaq and the New York Stock Exchange will step into the White House Oval Office next week to jointly ring the opening bell for the first time in history.

Nasdaq and the New York Stock Exchange are usually fierce rivals on Wall Street, but this time they’re sharing the same stage—right in the President’s office. It’s clear the White House wants the launch of the Trump Accounts to be carried out as an event with a nationwide ceremonial feel.

“Next week we will hold a grand bell-ringing ceremony, with Nasdaq and the New York Stock Exchange ringing the bell together for the first time in the Oval Office. They are doing this to celebrate the official launch of the Trump Accounts—so everyone knows it’s time to open accounts for their children, even if the child wasn’t born this year,” said White House National Economic Council Director Kevin Hassett.

Every American baby starts with $1,000

The Trump Accounts will be officially launched on July 4, U.S. Independence Day. Under the plan, all U.S. citizens born between 2025 and 2028—which conveniently covers Trump’s second presidential term—will receive a one-time $1,000 initial investment provided by the federal government.

However, this money is not limited to newborns. Kevin Hassett specifically pointed out that older children can also open and use accounts like these; under the rules, any child under 18 who has a Social Security number (SSN) is eligible.

In essence, the Trump Accounts are an Individual Retirement Account (IRA). After a child turns 18, they can take over the account themselves. In addition to the government seed grant, family members, friends, and even employers can also put money into the account. For 2026 and 2027, the limit is $5,000 per child per year.

The Dell couple adds more; wealthy individuals also jump in to subsidize

In addition to the government funding, private wealthy individuals are also adding fuel. Some eligible children can receive an additional $250 injected by Michael Dell, the founder of Dell Technologies, and his wife, Susan Dell.

Behind this $250 is a large sum. Michael Dell and Susan Dell have pledged to donate $6.25 billion, so that the first batch of approximately 25 million American children under 10—living in zip codes where the median household income is below $150,000—will each receive an extra $250. As for the above arrangements, the White House has not yet responded to requests for comment.

Frequently Asked Questions

What is the Trump Account? How do you receive the $1,000?

The Trump Account is a tax-advantaged savings account launched by the Trump administration. In essence, it is an IRA, launching on July 4. U.S. citizens born between 2025 and 2028 who have a Social Security number can receive a one-time $1,000 seed grant from the federal government, with the account opened by a guardian on the child’s behalf.

Can only newborns open a Trump Account?

No. The $1,000 government seed grant is limited to those born between 2025 and 2028, but as long as they are children under 18 with a Social Security number, they can open and use the account. Family, friends, and employers can make additional contributions, and the limit for 2026 and 2027 is $5,000 per child per year.