The Trump Accounts, which are designed to save for American children’s futures, can be a good start. But what if your family isn’t eligible for it, or you can’t get the $1,000 deposit that jumpstarts it? Luckily, there are options you can use either alongside or in lieu of the program if your family simply doesn’t qualify. In this article, Finder shares what you need to know about Trump Accounts and other investment options.

Who can open a Trump Account?

Trump Accounts officially launched on July 4, 2026. They’re tax-advantaged investment accounts for American children with a Social Security number (SSN), and they’re long-term retirement accounts.

Created under the “One Big Beautiful Bill,” the Trump savings accounts are technically an individual retirement account (IRA). Once the child turns 18, the account converts into a traditional IRA.

According to TrumpAccounts.gov, all U.S. children under 18 with a valid SSN are eligible to establish a Trump Account. Parents or legal guardians can open and manage accounts on behalf of their children, and once the kid turns 18, they get control over the funds.

To get the investment account, you must download the Trump Accounts app on either the Apple App Store or Google Play.

Who gets the $1,000 in the Trump savings account?

American children born between Jan. 1, 2025, and Dec. 31, 2028, get $1,000 automatically deposited in the account once established. The $1,000 is a one-time contribution from the U.S. Department of the Treasury.

Aside from just the $1,000, custodians of the account can add up to $5,000 per year.

How much can a Trump Account grow?

A Trump Account can grow quite a bit. As tax-advantaged accounts, and with the ability to contribute up to $5,000 per year, passive growth can add up.

With just the $1,000 deposit, assuming a conservative 7% annual return, a $1,000 deposit could grow to approximately $3,380 by age 18 without any additional contributions. Not too shabby for a contribution you didn’t have to fund.

Things to consider about the Trump savings account

The Trump Accounts are long-term retirement accounts, not specifically college education or traditional savings accounts. However, the child may be able to use the funds for things other than retirement.

Once the child turns 18, standard IRA rules kick in for the Trump savings account. This means withdrawals from the Trump savings account before age 59 1/2 usually come with income tax plus a 10% penalty — unless they are used for specific things.

According to the Trump Account site, the IRA’s funds can be accessed without penalty when the child turns 18 for qualified expenses. A few things are listed, like education and a first home purchase. Other than qualified expenses, withdrawals would be taxed at ordinary income rates.

Additionally, kids born before 2025 don’t qualify for the federal deposit of $1,000, so parents and guardians with older kiddos will have to fund the account on their own.

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Live in a hurricane zone? The good news is that the 2026 Atlantic hurricane season (which spans June 1 to November 30) is anticipated to be milder than usual. The National Oceanic and Atmospheric Administration (NOAA) predicts a 55% chance of below-normal activity, a 35% chance for a near-normal year, and a 70% probability of one to three major hurricanes.

But don’t let that create a false sense of security. Let’s not forget the devastation from Hurricane Helene, which struck the Southeast two years ago and caused 252 deaths and $78.7 billion in damages, proving to be the deadliest mainland hurricane to hit the U.S. since Katrina and one that caught many local residents by surprise.

If you own a home in a high-risk area, it’s natural to feel anxious or uncertain as hurricane season nears its peak. Thankfully, there are measures you can take to protect your loved ones and property. Read on for recommended steps from TheZebra.com to help you feel empowered and informed.

Know Your Risk

Determine if you’re in an area susceptible to tropical storms by doing some quick online research or checking your local weather sites. This is particularly important if you’ve moved to a new house in a different neighborhood, as even nearby locations can have different hurricane and flood risks based on various factors.

“Coastal zones have the highest risks of hurricane impacts from damaging winds and storm surges. Counties determine their own hurricane evacuation zones based on storm surge vulnerability mapping,” explains Mark Friedlander, senior director of media relations for the Insurance Information Institute. “While the boundaries are modeled using data provided by the National Hurricane Center, each county’s local emergency management office designates the specific zones and issues evacuation orders for those areas when warranted.”

Follow these tips:

1. Learn if you’re in what’s considered a hurricane evacuation area by visiting your state or county’s official emergency management website and using their interactive “Know Your Zone” map to look up your particular street address. These zones are numbered or lettered based on your property’s susceptibility to a storm surge.
2. Visit the National Hurricane Center Storm Surge Risk Maps site, which depicts storm surge flooding vulnerability based on location.
3. Check out the NOAA’s updated Flood Inundation Mapping tool, which will cover nearly 100% of the U.S. population by late September of this year.
4. Once you know your zone, monitor local news, register for county text alerts, or check platforms like Read more

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