{"id":14705,"date":"2026-01-26T11:08:40","date_gmt":"2026-01-26T03:08:40","guid":{"rendered":"https:\/\/tingchao.xyz\/?p=14705"},"modified":"2026-01-29T10:09:36","modified_gmt":"2026-01-29T02:09:36","slug":"treasury-to-hold-summit-on-trump-accounts","status":"publish","type":"post","link":"https:\/\/tingchao.xyz\/?p=14705","title":{"rendered":"Treasury to hold summit on Trump accounts"},"content":{"rendered":"\n<p>The Treasury Department is set to host a Wednesday summit ahead of the launch of \u201cTrump accounts\u201d for newborn babies.\u00a0<\/p>\n\n\n\n<figure class=\"wp-block-image alignwide size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"708\" height=\"463\" src=\"https:\/\/tingchao.xyz\/wp-content\/uploads\/2026\/01\/\u4f01\u4e1a\u5fae\u4fe1\u622a\u56fe_20260129100835.png\" alt=\"\" class=\"wp-image-14774\" srcset=\"https:\/\/tingchao.xyz\/wp-content\/uploads\/2026\/01\/\u4f01\u4e1a\u5fae\u4fe1\u622a\u56fe_20260129100835.png 708w, https:\/\/tingchao.xyz\/wp-content\/uploads\/2026\/01\/\u4f01\u4e1a\u5fae\u4fe1\u622a\u56fe_20260129100835-300x196.png 300w\" sizes=\"auto, (max-width: 708px) 100vw, 708px\" \/><\/figure>\n\n\n\n<p>White House press secretary Karoline Leavitt, rapper Nicki Minaj, Sen. Ted Cruz (R-Texas), Rep. Jason Smith (R-Mo.) and Cheryl Hines are set to attend.<\/p>\n\n\n\n<p>\u201cThe summit marks a key milestone in the administration\u2019s broader effort to strengthen long-term financial security, expand access to capital, and promote economic opportunity for American families,\u201d according to a release from the Treasury Department.&nbsp;&nbsp;<\/p>\n\n\n\n<p>\u201cAdministration officials are expected to outline next steps for implementation and public engagement during the summit,\u201d it adds.<\/p>\n\n\n\n<p>Under the \u201cTrump accounts,\u201d children in the United States with a Social Security number born between Jan. 1, 2025, and Dec. 31, 2028, will be given a&nbsp;stock market account&nbsp;with a one-time $1,000 deposit from the Treasury that will grow similarly to individual retirement accounts, or IRAs,&nbsp;according to the IRS.&nbsp;<\/p>\n\n\n\n<p>Parents or guardians can start contributing to accounts starting July 4, 2026, and deposit up to $5,000 per year.<\/p>\n\n\n\n<p>\u201cSo, in essence, it is a trust fund. It is a piece of the American economy for every child, and they will be able to take it out when they\u2019re 18, or they can convert it to a more IRA-type program and keep it for their retirement,\u201d Treasury Secretary Scott Bessent told host Margaret Brennan during a December appearance on CBS News\u2019s \u201cFace the Nation.\u201d<\/p>\n\n\n\n<p>\u201cThis is going to bring a whole group of new investors into the market,\u201d Bessent added. \u201cWe\u2019re going to couple it with a big amount of financial literacy, so that children understand what they own.\u201d<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Treasury Department is set to host a Wednesday summit ahead of the launch of \u201cTrump accounts\u201d for newborn babies.\u00a0 White House press secretary Karoline Leavitt, rapper Nicki Minaj, Sen. Ted Cruz (R-Texas), Rep. Jason Smith (R-Mo.) and Cheryl Hines are set to attend. \u201cThe summit marks a key milestone in the administration\u2019s broader effort [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":14774,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[12],"tags":[3571,1794,1724],"class_list":["post-14705","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-usa","tag-summit","tag-treasury","tag-trump"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.0 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Treasury to hold summit on Trump accounts - LISTEN WORLD<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tingchao.xyz\/?p=14705\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Treasury to hold summit on Trump accounts - LISTEN WORLD\" \/>\n<meta property=\"og:description\" content=\"The Treasury Department is set to host a Wednesday summit ahead of the launch of \u201cTrump accounts\u201d for newborn babies.\u00a0 White House press secretary Karoline Leavitt, rapper Nicki Minaj, Sen. Ted Cruz (R-Texas), Rep. 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