Investing General Discussion

For the older kids, the Dells will put in $250 and now Elon is saying he's going to gift a share of SPCX.


You can check if a child qualifies by visiting the Check Eligibility for Michael & Susan Dell’s $250 Trump Account Contribution portal or read more about the program on Yahoo Finance. [1, 2]

Key Details of the Dell Contribution

• • Amount: $250 per eligible child, funded by a total $6.25 billion pledge from Michael and Susan Dell. [1]
  • Target Audience: Initially focused on children born between 2016 and 2024 (roughly ages 2 to 10) who missed out on the federal government's newborn $1,000 seed money. [1]
  • Eligibility & ZIP Codes: The $250 grant is distributed based on U.S. Census Bureau ZIP code data rather than individual family income. Funding started in lower-income ZIP codes and expanded up to a final threshold of ZIP codes with a median family income of $117,300 or less. [1]
  • How It Works: Trump Accounts are tax-deferred savings and investment accounts for U.S. citizens under 18. While the federal government automatically creates and establishes accounts using Social Security data, parents or guardians must claim and manage the account through official channels like the Trump Accounts Official Site. [1, 2, 3, 4]

The only other benefit I can see from it, is you can contribute to basically an IRA for kids without earned income. The money you're putting in is after tax, so when it comes out it wont be taxed, but the gains will be taxed as regular income.