Bessent is taking part in a country-wide tour to promote “Trump Accounts” that provide $1,000 to children to be invested in the stock market and grow while also helping to improve financial literacy in youngsters.
https://www.irs.gov/trumpaccounts
The account is for a child who has not turned age 18 before the end of the calendar year in which the election is made and has a valid Social Security number. It features a pilot program contribution of $1,000 for children born between Jan. 1, 2025, and Dec. 31, 2028, and who are U.S. citizens with a valid Social Security number. For additional information, go to trumpaccounts.gov.
To get started, sign in to your IRS account with ID.me and submit Form 4547.
Yes....the Trump Accounts are an excellent idea!