President Trump's new investment program gives every American baby born through 2028 a $1,000 government head start. But financial experts are warning parents that these "Trump accounts" may not be the gift they appear to be.

Technically, any parent can open a Trump Account for their child. But only children born after Dec. 31, 2024, and before Jan. 1, 2029, who are U.S. citizens and have a Social Security number, are eligible to receive the one-time government contribution of $1,000.

The accounts are opened by parents or by the government when a tax return is filed. Family and friends can contribute up to $5,000 a year until the child turns 18, with the funds required to be invested in low-cost stock index funds or ETFs.

The new account is the latest development as Emil Bove, a top Justice Department official and Trump's former personal attorney, faces a future confirmation vote in the U.S. Senate.

These new accounts might provide a nice bonus for new parents, but most Americans might not be able to take full advantage of them.

Donald Trump claims that his friendship with Jeffrey Epstein ended after the pedophilic sex trafficker “stole” several of the president’s underage employees. Speaking with reporters on Air Force One Tuesday, Trump said that he had confronted Epstein about hiring away underage girls on his payroll at Mar-a-Lago.

Hear about the tax-deferred investment account for kids that's part of the One Big Beautiful Bill Act? While “Trump accounts” might sound like a boon for parents, they aren’t all they’re cracked up to be.

President Donald Trump’s “Big Beautiful Bill” includes a new way to save for children’s futures, which involves free money. “The ‘Trump Accounts,’ as they call it, pilot program, which will make it possible for countless of American children to have a strong start in life at no cost to the American

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