The new program allows parents to set up savings for young children that can later be used similarly to a traditional IRA.
The Trump Accounts can be set up when filling out tax form 4547 this tax season.
Two of the biggest U.S. banks said they would match a $1,000 federal contribution for employees who open a Trump Account, ...
A Trump Account is a type of IRA for the exclusive benefit of eligible children. You'll need to opt in to get the $1,000 seed money.
Financial firms dominate the list of companies that are matching contributions for the ...
With strict rules and limited tax benefits, Trump accounts aren’t right for every family—particularly if they’ re not ...
Bank of America said it will match the federal government’s $1,000 contribution to Trump accounts for eligible U.S. employees ...
The banks follow similar pledges from other companies including BlackRock and BNY.
Major employers are matching $1,000 Trump Account deposits—giving kids a $2,000 head start to grow, compound, and access when they turn 18.
Bank of America will match the US government’s $1,000 contributions to Trump accounts for eligible employees, according to an ...
JPMorgan and Bank of America will match the government's one-time contribution to investment accounts for newborns, known as ...