Trump Accounts Are Open
Here Is Why Farm Families Should Care.
Contributions to Trump accounts opened on July 4, 2026. If you have kids or grandkids under 18, this is the rare tax provision that is simple to execute and enormous over a long horizon.
Put $5,000 a year into a grandchild’s account from age 1 through age 17. That is $85,000 out of your pocket. At an 8% return, that child is sitting on roughly $4.6 million at age 60 and roughly $10 million at age 70. Convert it to a Roth along the way and most of that comes out tax-free.
I want to walk through the mechanics, run the growth, and then flag the one trap that ruins this if you get it wrong.
The Rules, Briefly
A Trump account is a custodial traditional IRA under new Code Section 530A, established for a child who has not turned 18 before the end of the year the election is made. Here is what matters:
