Trump's account will open for registration and initial funding on July 4th

The "Trump Account" plan launched in the United States will open for registration and initial funding on July 4. This plan was first proposed with the Great American Beautiful Act. The account allows parents to set up tax-deferred investment accounts for children under 18, and family, friends, and employers can jointly contribute to the account, with a maximum annual deposit of $5,000, and the future limit will be adjusted for inflation.

In addition, the Trump Account also allows businesses to provide subsidized contributions for employees' children, with a maximum of $2,500 per year. The account will automatically convert to a traditional IRA structure once the holder turns 18, allowing for continued investment and additional funding.