State Representative encourages parents to open Trump Accounts for children

State Representative Jack Jordan (R-Bremen) is encouraging Indiana parents to sign up their children for Trump Accounts, federally sponsored investment accounts designed to help young people build long-term wealth.

The accounts function like custodial IRAs for minors, allowing investments to grow over time. Once a child turns 18, they can use the funds for college expenses, career readiness programs, or even a down payment on a house.

Under the One Big Beautiful Bill Act, American children born between January 1, 2025, and December 31, 2028, who enroll in Trump Accounts will receive $1,000 in index funds to jump-start their investments.

Families can open accounts by checking a box on Form 4547 when filing their federal taxes. While no annual contribution is required, parents can contribute up to $5,000 annually to maximize growth potential. The accounts are designed to accumulate significant value by the time account holders reach retirement age.

Indiana children receive additional benefits through the program. Brad Gerstner, CEO of Altimeter Capital, has pledged to invest an additional $250 into Trump Accounts for all Hoosier children under 5 years old.

Several companies have also announced support for the program. Indiana-based Steak n Shake is offering a $1,000 match for children of its employees who are born between 2025 and 2028.

Parents interested in opening Trump Accounts for their children can learn more and get started at TrumpAccounts.gov.