Age requirements for Trump Accounts

Trump Accounts can be opened for any U.S. child under age 18 who has a valid Social Security number. The account is held in the child’s name, with a parent or guardian serving as custodian until the child turns 18.

Key age-related rules

  • Eligibility to open: The child must not have turned 18 before the end of the calendar year in which the election to open the account is made.
  • Deadline to elect: The election to open an initial Trump Account must be made on or before December 31 of the year the child turns 17.
  • Custodial period: From opening until age 18, the account is custodial; the child (and parent/guardian) cannot withdraw funds.
  • At age 18: The account converts to function like a traditional IRA, with standard IRA rules (including early‑withdrawal penalties before 59½, subject to exceptions).

Special pilot program (birth-year window)

There’s an additional age/birth‑year condition for the government’s $1,000 seed contribution : it’s available only to U.S. citizen children born between January 1, 2025, and December 31, 2028 , who also meet the under‑18 and SSN requirements.

TL;DR

  • Under 18 with SSN: eligible to have a Trump Account opened (election by Dec 31 of the year they turn 17).
  • Under 18: no withdrawals allowed; custodial account.
  • Age 18+: behaves like a traditional IRA.
  • $1,000 government seed: only for kids born 2025–2028 (and still under 18 when opened).

Information gathered from public forums or data available on the internet and portrayed here.