Complete Guide to Trump Baby Accounts

In this video, I break down the new Trump Accounts savings program for kids, explain how it works, and show exactly what parents and guardians need to do to set one up before the July 5, 2026 launch. I walk through the eligibility rules, how to file IRS Form 4547 to elect a Trump Account and the one-time government contribution for eligible kids, and what restrictions you need to know, like contribution limits and the age rules before withdrawals. If you want your child to benefit from this new savings opportunity, this is what you need to know and do before the program officially goes live. ⏲️Time Codes: 0:00 Intro 0:19 When Trump Accounts go live 0:32 Setting Up Trump Accounts 1:34 Getting the $1k in Trump Account 2:02 Dell Family Donation 3:11 Contribution Limits to Trump Accounts 4:33 What is the Trump Account money invested in? 5:28 Using the money in the Trump account 6:33 Growth potential in the Trump account 8:21 Why you need to setup a Trump account 🔗 Links: IRS Form 4547 https://www.irs.gov/pub/irs-pdf/f4547.pdf 👴Retirement Planning Software (Helps the Channel) https://go.boldin.com/talkhiggins 🛍️ Talk Higgins Merch: https://talk-higgins-merch.company.site/ 📧 Join my Email Newsletter for Free Insights directly to your Inbox: https://talkhiggins.ck.page/c530cca832 💵 Start your Airbnb journey using my link for free listing review and receive $40: https://www.airbnb.com/r/terrellh1006?s=6&t=061n1v 🌯Buy Me Chipotle https://talkhiggins.ck.page/products/buy-me-chipotle For business inquires please email at talkhiggins@gmail.com 📌Disclaimer: I am not a CPA, attorney, lender, or financial advisor. The content in these videos should not be construed as tax, legal, or financial advice...etc, and may be outdated or inaccurate; it is your responsibility to verify all information yourself. This is a YouTube video for entertainment purposes ONLY. IF stocks or companies are mentioned, Terrell may have an ownership interest in them – Please do not make buying or selling decisions based on Terrell’s videos. If you need advice, please contact a qualified professional.