Trump accounts will be open for registration and initial capital injection on July 4

The "TrumpAccount" program launched in the United States announced that it will be open for registration and initial capital injection on July 4. The plan was first proposed with the Great Beauty Act. The account allows parents to set up tax-deferred investment accounts for children under the age of 18. Family, friends and employers can jointly add funds to the account, up to US$5000 per year, and the future ceiling will be adjusted with inflation.<br /> In addition, Trump accounts allow companies to provide subsidized contributions to employees 'children up to $2500 per year. The account will automatically be converted to a traditional IRA structure when the holder reaches the age of 18, allowing continued investment and additional funds.