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You want to give your child a good start. You’ve heard about Trump Accounts, including the government’s $1,000 contribution for eligible children. You’ve also come across Greatest Gift.
Maybe you’re expecting a baby. Maybe you’re already saving and wondering what each would add. Would you need both?
A Trump Account is a long-term investment account for a child. Greatest Gift is a financial gifting registry that helps you share your child’s goals and invite people to support them.
A Trump Account can be part of your savings plan. GG gives people who care about your child a way to help with college, a start in adult life or an adventure along the way. Monthly Gifts and Gift Matching help you keep building toward those goals.
A Trump Account is a new type of individual retirement account, or IRA, for eligible children. It belongs to the child and is managed by an authorized adult. Investments can rise or fall in value.
The program aims to help children build wealth early and learn about investing. GG shares that hope. Its registry brings people together around your child’s goals, while you choose where to save, invest or use their gifts. See the program’s stated purpose.
Children who are U.S. citizens, have a valid Social Security number and were born between January 1, 2025, and December 31, 2028, may qualify for the one-time $1,000 federal contribution. Older children may still be eligible for an account without qualifying for that contribution. See the IRS explanation.
Treasury announced on October 1, 2026, that automatic enrollment was complete. Parents still need to claim the account. Requesting the $1,000 contribution is a separate step for eligible children.
Start with TrumpAccounts.gov and follow the instructions for both. Read Treasury’s announcement.
Trump Accounts offer a few reasons to get started:
The employer tax benefit requires a qualifying Trump Account program. A gift or match through GG does not automatically get that treatment. See the IRS employer guidance and program contribution FAQ.
Tax-deferred doesn’t mean tax-free. Parents and relatives contribute money they’ve already paid tax on, without an upfront income-tax deduction. Those contributions aren’t taxed again, but earnings can be taxable when withdrawn.
Money is generally unavailable during childhood. After that restriction ends, traditional IRA rules generally apply. An early withdrawal can carry a 10% penalty on the taxable portion. Qualifying college expenses or a first-home purchase may avoid the penalty, but not necessarily income tax.
That makes it a long-term savings choice. It won’t pay for lessons or a family trip while your child is growing up.
Receiving the government contribution and choosing where to put additional gifts are two different decisions. Your child’s other goals still matter.
For 2026, parents, relatives, friends and employers can contribute a combined $5,000 per child. The federal contribution and certain qualifying donor or government contributions don’t count toward that limit. See the contribution limits and tax and withdrawal rules.
Yes. Share the official app’s contribution link or QR code. Friends and family can use it to add money to the account.
The published recurring-deposit instructions are for the adult managing the account. They don’t describe a Monthly Gifts setup for friends and family. See the contribution instructions.
For a $100 contribution to that account, the link may be enough. GG gives you more ways to invite support: personal gifts, several goals, monthly giving and someone offering a match.
Your sister wants to celebrate your newborn and help give them a good start. She still wants to send something that feels like a present.
Through GG, she can add a photo and a greeting:
Welcome to the world, little one! A little something for your future, with lots of love from your aunt. I can’t wait to watch you grow.
You receive a text or email letting you know the gift has arrived. You can read her message and decide where to put the money. As your child grows, you can show them who helped them get started.
She’s helping you save for your child, and celebrating their arrival with you.
You might be saving for college, a start in adult life and a family adventure. Those goals don’t all need the same account.
One GG page shows people what you’re hoping to do. They can send a gift without choosing a financial account for you.
For example, you have $500 available after gift fees. You decide to put $350 toward a supported 529 plan and $150 toward a supported savings account for a trip.
You choose the amounts and make the transfers. Their gifts can help with life now and the years ahead.
Your baby shower is coming up. You’d love gifts toward the baby’s future, but they don’t have a Social Security number yet. You can’t claim their Trump Account before they’re born.
You can share a GG registry now. Guests can celebrate the baby and help you start saving, while you choose the accounts you’ll use.
You’ll need a supported financial account when you transfer the gifts. Money waiting in GG isn’t invested. See the program’s newborn guidance.
Our guide to asking for money as baby shower gifts has wording you can use.
A newborn gift can be the beginning. A grandparent may want to keep helping each month. A godparent might offer a match for a birthday.
GG gives them ways to turn those good intentions into ongoing support.
A grandparent gives $25 a month. Over a year, that’s $300 before fees.
With Monthly Gifts, the giver chooses the amount and how many months to give. They can cancel future gifts.
That’s regular help toward your child’s goals, alongside what you put aside yourself.
An aunt offers to match gifts up to $250 per month. For your child’s birthday, five people each give $50. She adds another $250 to match their gifts.
Together, they’ve given $500 before fees. Knowing their $50 could become $100 toward your child’s goals may encourage someone to chip in.
You can invite anyone to match, including grandparents, godparents, friends or an employer. The person or organization you invite provides the matching money.
GG+ is for parents who want to be intentional about building wealth for their kids. Its Monthly Gifts and Gift Matching tools help you build momentum with support from others. One-time gifts don’t require a membership.
In the example above, the monthly gifts and one birthday with a completed match add up to $800 over a year before gifting fees and membership costs. It assumes everyone gives as planned and includes no investment growth.
A baby shower or holiday can get people involved, too. You don’t have to build it all on your own.
Yes. You can collect gifts through GG and manage your Trump Account separately.
GG does not currently support direct transfers to Trump Accounts. If you want to put GG gifts into one, you can first transfer them to a supported savings account in your name. Then make a separate contribution to the Trump Account from an eligible linked bank account.
Check that the program accepts your savings account for contributions. If it doesn’t, you’ll need another bank-transfer step. Contributions still count toward the Trump Account’s limits.
You might put some gifts toward that long-term account and others toward a supported 529, custodial account or savings goal. Once money reaches an investment account, that account’s rules apply.
For help comparing other options, see our guide to investment accounts for kids.
The official Trump Account program does not charge account claiming or maintenance fees. Its investments have their own expenses. See the program’s fee explanation.
A basic GG account and gifting page are free. GG+ is optional and paid.
Bank-funded gifts have a 1% sending fee; credit-card gifts have a 3.5% sending fee. Transfers to supported long-term savings destinations, including savings accounts, cost 0.5% plus 25¢. Transfers to regular checking accounts cost 5%.
Givers can choose an optional platform contribution, including $0. Monthly Gifts processing charges also apply. See GG’s fee information.
The supported savings-account route described above uses the lower GG transfer fee. Your bank may have its own fees.
Think about what that support could mean for your child. In our example, gifts and a completed match add $800 before costs to what the parents save themselves.
Explore a Trump Account for long-term investing and any contributions your child qualifies for. Claiming the government contribution doesn’t mean every additional gift needs to go into that account.
Add Greatest Gift when you want to share your child’s goals and invite friends and family to support them through personal gifts, Monthly Gifts or Gift Matching.
Start with GG for a baby shower or when people are ready to give before the accounts are set up.
Your child’s future has room for more than one goal. Share what you hope for them, let people help, and take the next step from there.
I love how easy it is to give a meaningful gift to the kids and tots in my life!
It means a lot to me that I can contribute to their future, and Greatest Gift makes the experience seamless and fun.
Alana S.
Our son just turned two. We created his gifting page with Greatest Gift and shared it on the birthday evite. The results were amazing! We received 12 gifts that will be going to his college fund and savings.
Love this platform.
Daniel A.
We have a 2-year-old and another baby on the way, and we love Greatest Gift’s discover section. I look forward to learning about the right financial tools to help build their future and set them up for success financially.
Hillan K.
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