00:00Am I the only one that didn't know about these new Trump accounts for kids?
00:03Turns out, they're not what most people think.
00:06Here's what's really going on.
00:08First, Trump accounts aren't about social media or merch.
00:11They're a new government savings program for kids born between 2025 and 2028.
00:18Here's how it works.
00:19If you're a parent, you can open an official account, called a 530A account,
00:25by filling out a special IRS form with your taxes.
00:28Then, the government puts $1,000 into your child's account.
00:33But, you have to sign up.
00:36It's not automatic.
00:38You can also add money each year, and companies or charities might match those funds.
00:43The money is invested and can only be used when your child turns 18,
00:47for things like college or a first home.
00:50Remember, always check that you're using the real government website and read all the rules.
00:56Double-check info before signing up and ask questions if something sounds confusing.
01:01Stay smart.
01:02Know the facts before you act.
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