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GOBankingRates
GOBankingRates
G. Brian Davis

Here’s How Retirees Can Take Advantage of Trump’s Big Beautiful Bill To Help Their Grandchildren

Donald Trump GOBankingRates GoBankingRatescom
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The One Big Beautiful Bill Act (OBBBA) created a new tax-deferred account for minors called “Trump Accounts.” 

According to a report released by the White House’s Council of Economic Advisors, children born between 2025 to 2028 qualify for a free $1,000 seed contribution from the federal government to sweeten the deal. They must be a U.S. citizen or legal resident with a Social Security number (SSN) and have at least one parent with an SSN.

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