State Representative Jack Jordan (R-Bremen) is encouraging Indiana families to take advantage of a new federal savings program designed to give children a financial head start. Trump Accounts are federally sponsored, child-focused investment accounts available to those 18 and under that function like custodial IRAs for long-term wealth building.
Once a child turns 18, the funds can be used for college, career readiness, or a down payment on a home. Through the federal Working Families Tax Cuts 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 kick off the investment.
Beyond the federal seed money, additional private contributions further sweeten the deal for Indiana families. Michael and Susan Dell are contributing $250 to the first 25 million American children age 10 and under living in ZIP codes with median household incomes below $150,000. Marshall County’s median household income is about $72,000. On top of that, Brad Gerstner, CEO of Altimeter Capital, has pledged an additional $250 into Trump Accounts for all Indiana children under the age of 5.
"That's up to $1,500 of investment available to more than 1.5 million Hoosier kids," Jordan said.
Families can open accounts by visiting TrumpAccounts.gov or downloading the Trump Accounts app. While an annual contribution of up to $5,000 is allowed to maximize growth, no annual contribution is required — the account will continue to grow on its own over time.
"I encourage parents, neighbors, educators, and community members to take advantage of this opportunity to help build a brighter future for our children and give them a head start as they pursue the American Dream," Jordan said.
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