Jumpstart Your Child’s Financial Future with a Trump Account
Press Release – The Tennessee Department of Commerce & Insurance’s (TDCI) Division of Securities reminds Tennessee parents they can get started building their children’s financial wealth by opening a Trump Account.
Created under the One, Big Beautiful Bill Act of 2025, the newly created 530A accounts – popularly known as Trump Accounts – are custodial, tax-advantaged Individual Retirement Accounts (IRAs) that are modeled after traditional IRAs with a few, key differences.
The biggest difference is that any U.S. citizen born between 2025-2028 will receive a one-time $1,000 contribution from the United States Treasury to jumpstart their savings efforts.
“Investing in a Trump Account is a great way to help families build a strong financial future while teaching children about the power of investing and compounding interest,” said TDCI Commissioner Carter Lawrence. “I encourage Tennesseans to learn more about this exciting opportunity and open a Trump Account for their children today.”
How Trump Accounts Work
To sign up for an account, parents (or other qualified, legal guardians) can visit trumpaccounts.gov, or simply fill out IRS Form 4547 when completing their 2025 taxes. The accounts will begin an initial review/authentication process in May and will open to accept contributions on July 4th. Please note: Tennessee residents affected by Winter Storm Fern have until May 22, 2026, to file their taxes thanks to a tax relief program from the Internal Revenue Service.
Children born before 2025 are also eligible to hold an account if it is opened before the year in which the child turns 18; however, these account-holders are not eligible for the $1,000 contribution from the U.S. Treasury.
Thanks to donor support from Dell Technologies, children born between 2025-2028 will receive an extra $250. Totaling $6.25 billion, the pledge from the Dell family also includes a $250 contribution to account-holders age 10 and younger living in areas with average incomes below $150,000.
After the initial deposit, no additional contributions are required but parents (or legal guardians), friends, family members, and/or participating employers can choose to deposit up to an additional $5,000 each year to maximize the account’s growth.
The funds deposited into the Trump Accounts are automatically invested into American-owned companies’ stocks and offer parents and children the opportunity to not only build a strong financial future, but to learn about the power of investing and compounding interest in real-time – together.
Based on data and average return rates from the stock market’s historical performance, it could mean the difference between $4,000 when children are eligible to withdraw the funds at age 18, or $190,000.
For an investment comparison of the two funding amounts, frequently asked questions, and more, visit our blog here.
“I encourage Tennesseans to take this opportunity to jumpstart their children’s financial future and begin teaching them about the importance of saving and investing,” said TDCI Assistant Commissioner Elizabeth Bowling. “Speak with your investment adviser, go to trumpaccounts.gov, or complete Form 4547 when completing your taxes to sign up today.”
For more information on financial education or to contact TDCI’s Securities Division, visit tn.gov/securities, email securities.1@tn.gov, or call 800-863-9117.
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