Oklahoma City News Today | 2 Min News | The Daily News Now!
Parents can now give their kids a financial head start with the new Trump Account—a government-backed savings and investment plan designed to help children build wealth for retirement. Kids born between 2025 and 2028 automatically receive a $1,000 boost, and parents can contribute up to $5,000 annually. When the child turns 18, the account converts to a traditional IRA. Since launch on July 4th, 7 million accounts have been opened with $1.5 billion invested. To qualify, kids must be U.S. citizens with a Social Security number and under 18 as of July 4, 2026. Withdrawals before age 59½ are taxed. Listen in comfort: Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN: advertise@thednn.ai This is an automated, high-level news summary based on public reporting. Report issues to feedback@thednn.ai. View sources & latest updates: https://sources.thednn.ai/c1a5833f0cc1b6de
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