You can give your grandchildren a gold-star education or teach them about compounding. You can also set up custodial accounts, opened under the Uniform Transfers to Minors Act or the Uniform Gifts to ...

Treasury Secretary Scott Bessent outlined how Trump accounts could be opened, managed and used for children's savings and ...

The U.S. Treasury asked major philanthropic donors to contribute to new investment accounts for children Wednesday as part of what Secretary Scott Bessent called a "50 State Challenge" to raise funds ...

This article adheres to strict editorial standards. Some or all links may be monetized. When the One Big Beautiful Bill was signed into law on July 4, it created a new account for children. The ...

It’s a kid-friendly IRA. President Trump rolled out the sign up sheet Tuesday for the savings accounts bearing his name, which is aimed at providing young Americans access to a starter fund once they ...

(NEXSTAR) — Next year, so-called “Trump accounts” will become available to the youngest Americans, with some on track to receive a $1,000 boost to their investment accounts via the Treasury Department ...

Michael and Susan Dell are giving $6.25 billion to fund investment accounts for children in areas where median family income falls below $150,000. The donation is estimated to reach 25 million ...

Michael and Susan Dell on Tuesday announced that they are donating $6.25 billion to fund investment accounts for at least 25 million American children. The enormous pledge will go toward helping fund ...

NEW YORK (AP) — Billionaires Michael and Susan Dell pledged $6.25 billion Tuesday to provide 25 million American children under 10 an incentive to claim the new investment accounts for children ...

Elon Musk’s X has begun rolling out a new feature for user profiles that will display information about the account, including where it’s based, how many times the account has changed its username, ...

The IRS views interest on a savings account as earned income, whether it's $1 or $1,000. So, if you received interest on a high-yield savings account in 2024, you need to report it when you file your ...