Trump accounts
Coverage of Trump accounts in the Nexus archive.
- The two volatile forces pushing Michael Dell to new heights
Michael Dell's net worth has surged to $223 billion as Dell shares rose 240% this year, driven by a $6.25 billion contribution to Trump's accounts and a $9.7 billion DoD contract. AI infrastructure growth, with $29 billion in revenue, further boosted Dell's performance.
- Michael Dell has nailed his relationship with Donald Trump, and it's paying off
Michael Dell's company Dell Technologies has seen significant growth, with a 240% rise in share price and increased personal wealth. His relationship with President Donald Trump, including a presidential endorsement of Dell laptops and a $6.25 billion contribution to Trump Accounts via the Dell Foundation, has strengthened in recent months.
- The architect of Trump Accounts says the president hopes to auto-enroll 70 million American kids
The architect of Trump Accounts, Brad Gerstner, stated that President Donald Trump aims to automatically enroll up to 70 million American children under 18 into investment accounts. The program, currently opt-in, would require collaboration with government agencies to use Social Security numbers for auto-enrollment, with contributions from private donors and corporations.
- ‘Trump accounts’ and how to spread America’s wealth
The article discusses the concept of 'Trump accounts' as a method to spread America's wealth and questions whether political stability requires pre-distribution or redistribution of resources.
- Who wants their child to be a millionaire? Trump has given you that chance
Trump Accounts, launched on July 4, are tax-advantaged investment accounts for children born from 2025 through 2028. Eligible children receive a $1,000 initial contribution from the U.S. Treasury, with families able to contribute up to $5,000 annually. The accounts convert to IRAs at age 18, and contributions from employers, charities, and governments are permitted under specific conditions.
- A Trump Account could make your kid a millionaire by 45—but financial experts say the app’s projections come with a catch
Trump Accounts, a tax-advantaged investment app for children under President Donald Trump’s tax law, promises substantial returns with annual contributions. The app projects $878,000 by age 55 with a $250 annual contribution, but financial experts caution these estimates rely on a 10% historical S&P 500 return, which may not persist. Experts like Adam Vega and Pam Krueger suggest lower returns, around 6.3%–7%, could yield significantly less over time.
- My kids don't qualify for the free $1,000, but I'm still opening Trump Accounts for them
The article discusses Trump Accounts, tax-deferred investment accounts for U.S. children under 18, with annual contributions up to $5,000. Children born between 2025 and 2028 are eligible for a one-time $1,000 deposit, though the author's older children do not qualify. The author supports the program for financial literacy and long-term investment education.
- Trump Accounts: Who is eligible, how $1,000 deposits work and how to open one
Trump Accounts, a new tax-deferred investing option for children, officially launched in July. The accounts allow $1,000 deposits and provide guidelines for eligibility and opening procedures.
- Fostering the Future’ is the fix for Trump Accounts’ enrollment gap
The article discusses 'Fostering the Future,' a program demonstrating how federal and state governments can collaborate to enroll children into Trump Accounts, aiming to achieve full participation. The initiative highlights the potential of government partnerships in addressing enrollment gaps.
- ‘Trump accounts’ are great — if you’re already rich
Trump accounts are beneficial for individuals who are already wealthy but considered a poor deal for most other people. The article highlights the disparity in the value of these accounts based on the user's financial status.
- The White House said Americans have invested $125 million in Trump Accounts in the first 5 days
The White House reported that $125 million has been invested in Trump Accounts within the first five days of their launch on July 4. The program, offering $1,000 to each child's account, received donations from figures like Dell's CEO, SpaceX's president, and companies such as Goldman Sachs. President Donald Trump praised contributors, including Gwynne Shotwell and Michael Dell.
- Trump cheers Gwynne Shotwell as Elon Musk’s SpaceX No. 2 gives $325 million in stock to Trump Accounts
President Donald Trump praised Gwynne Shotwell and her husband for donating $325 million in SpaceX stock to Trump Accounts, a new retirement account for children. The donation aligns with tech billionaire Michael Dell's $6.25 billion contribution to the same initiative. Shotwell specified the gift targets children aged 11–17 in lower-income areas near SpaceX's Texas headquarters.
- Elon Musk says he always wanted his SpaceX employees to get rich — and now thousands of them are millionaires
Elon Musk stated that thousands of SpaceX employees have likely become millionaires following the company's IPO. He emphasized his philosophy of providing stock to employees to align their success with the company's, and discussed SpaceX's long-term goals of establishing a lunar base and enabling human settlement on Mars.
- Trump heaps praise on SpaceX's Gwynne Shotwell and thanks her for $325 million Trump Accounts gift
President Trump praised Gwynne Shotwell for donating 2 million shares of SpaceX stock to Trump Accounts, valuing the gift at $325 million. The donation aims to benefit over 2 million children in lower-income areas, with a focus on regions near the Shotwells' Texas home. Trump also expressed anticipation that Elon Musk may donate to the program.
- Schwab Strategist Backs Strategy’s STRC Playbook Amid Bitcoin Weakness
Schwab's Jim Ferraioli supports Strategy's STRC stock strategy amid Bitcoin's decline near $60,000. Strategy, the largest corporate Bitcoin holder, raised STRC's dividend to 12% and authorized $2 billion in buybacks to stabilize its stock, which had fallen from $100 par value. The firm shifted from a 'never sell' Bitcoin stance to strategic sales, acknowledging market concerns about cascading liquidations.
- Trump floats idea of Australia’s retirement system again. But what about Social Security?
Trump mentioned Australia's retirement system again, with the administration working on a plan based on it. The president also referenced 'Trump accounts' for children.
- Trump Accounts offer free funds for some children, but advisors say they may not fit every family
Trump Accounts provide free funds for some children, offering tax-deferred accounts invested in low-cost index funds for individuals under 18. Financial advisors caution that these accounts may not be suitable for all families.
- Trump Accounts offer free funds for some children, but advisors say they may not fit every family
Trump Accounts offer free funds for some children, but advisors caution they may not suit all families. The accounts are tax-deferred and invested in low-cost index funds for individuals under 18.
- Trump Accounts offer free funds for some children, but advisors say they may not fit every family
Trump Accounts offer free funds for some children, with tax-deferred accounts invested in low-cost index funds available to people under 18. Advisors caution these accounts may not suit every family.
- Red scare revived as Trump leads push to attack Democrats as ‘communists’
President Trump is using a revived red scare tactic to label Democrats as communists following primary wins by leftwing candidates in New York and elsewhere. Senator Ted Cruz praised Trump's savings accounts as a 'New Deal' alternative focused on individual capitalism.
- Red scare revived as Trump leads push to attack Democrats as ‘communists’
Trump is leading a campaign to label Democrats as 'communists' following primary wins by leftwing candidates. Ted Cruz praised Trump's 'savings accounts' as an alternative to the 'New Deal', emphasizing individual capitalism over government intervention.
- SEN DAVE McCORMICK: Trump Accounts give all Americans a stake in prosperity
Senator Dave McCormick and Senator John Fetterman highlighted 'Trump Accounts,' a program providing $1,000 Treasury seed funds for children born between 2025 and 2028, and $250 for lower-income children under ten. The initiative, part of the Working Families Tax Cuts Act, aims to give Americans a stake in economic prosperity through philanthropy-funded investments.
- These are the millionaires and billionaires pledging to fund Trump accounts
Michael Dell and Brad Gerstner are among wealthy individuals pledging to fund Trump Accounts, a government-launched investment savings account for children born between 2025 and 2028. The accounts receive a $1,000 federal contribution, with private donors like the Dells adding $6.25 billion for 25 million children in specific income areas. The initiative aims to promote capitalism and wealth-building for future generations.
- Who could benefit the most from Trump Accounts
Trump Accounts are federal tax-advantaged investment accounts for children, with 87 contributors including companies, foundations, individuals, and states. The article questions whether these accounts can deliver the benefits they promote.
- What to know about 'Trump Accounts' for kids
Trump Accounts, funded with taxpayer dollars, provide $1,000 to children born during President Donald Trump's current term to prepare for future retirement. The program was activated over the weekend and is explained by KTLA's David Lazarus.
- How Trump's "One Big Beautiful Bill Act" is affecting Americans, 1 year later
President Trump launched a program offering tax-deferred investment accounts for children under 18 under his tax and spending law, which Congress passed last year. The initiative, called Trump Accounts, is part of the legislation referred to as the 'One Big Beautiful Bill Act.'
- Trump boosts Dell stock with White House remarks
Dell shares increased after President Donald Trump encouraged Americans to buy Dell computers during a White House event promoting 'Trump Accounts,' government investment accounts for kids. CEO Michael Dell supported Trump's second term, and SpaceX's president announced a $320 million stock donation to the initiative.
- 'Trump accounts' will bring financial literacy for millions, Treasury Secretary says
The White House announced the launch of Trump Accounts, providing $1,000 government-funded investment accounts for children born during Trump's second term. Treasury Secretary Scott Bessent highlighted that 86% of 6 million enrolled families earn less than $200,000, with private donors like Michael Dell and Ray Dalio contributing seed money. Critics argue the program does little to address early childhood poverty.
- Trump Accounts offer free funds for some children, but advisors say they may not fit every family
Trump Accounts offer free funds for some children, with the tax-deferred accounts invested in low-cost index funds and available to people under 18. Advisors caution that these accounts may not suit every family's needs.
- Robinhood CEO Vlad Tenev breaks down how Trump Accounts work
President Trump celebrated the launch of 'Trump Accounts,' an investment account program for children, by ringing the New York Stock Exchange opening bell. Robinhood CEO Vlad Tenev assisted with the project and discussed it in an interview.
- Dell’s stock gets another Trump bump — but this time it’s fading
The president recommended buying Dell computers during a discussion about the launch of 'Trump accounts.' Dell's stock experienced a boost from this endorsement, though the effect is described as fading.
- I Don't Expect The Fed To Hike In July Says Lavorgna
President Donald Trump rang the opening bell for the New York Stock Exchange and Nasdaq to mark the launch of Trump Accounts. Joe Lavorgna, Chief Economist of SMBC Americas, joined to discuss.
- Trump Accounts are live. Here's how some families plan to use them
Trump Accounts have launched, and parents are assessing how the new investment accounts align with their family's financial goals.
- Your 5 biggest questions about ‘Trump accounts,’ answered
The article addresses common questions about 'Trump accounts' and provides information on eligibility for a $1,000 payment and registration process.
- Trump rings opening bell for Trump Accounts as Treasury commits $1.4 billion in seed money
President Donald Trump launched Trump Accounts, a children’s investment program, by ringing the opening bell for the New York Stock Exchange and Nasdaq. The Treasury Department reported 6 million children enrolled, with $1.4 billion in federal seed money allocated for eligible participants, while the Dell family pledged $6.25 billion to fund accounts for lower-income families.
- Trump Accounts for kids have officially arrived — here’s every detail parents should know
The article compares Trump Accounts with 529 plans, explaining key details parents should consider when choosing between these savings options for children.
- President Rings Stock Market Opening Bell to Celebrate Trump Accounts
President Trump rang the stock market opening bell at the White House to celebrate Trump Accounts. The event occurred on Monday.
- Trump tells Americans to buy Dell computers, stock jumps 7%
Trump promoted Dell during a White House ceremony marking the launch of Trump Accounts, tax-advantaged investment vehicles for U.S. children. Dell's stock increased by 7% following the promotion.
- President rings NYSE opening bell to mark launch of $1K Trump Accounts for kids
President celebrated the launch of $1,000 'Trump Accounts,' tax-advantaged investment accounts for babies born during his second term by ringing the NYSE opening bell.
- President Trump Signals Openness to Bitcoin in Trump Accounts, Calls Himself ‘a Big Fan of Crypto’
President Trump indicated openness to including Bitcoin in Trump Accounts, a new savings program, and described himself as 'a big fan of crypto.' He emphasized the strategic importance of the U.S. leading in cryptocurrency to counter China and highlighted Bitcoin's growing influence and appeal.