Robinhood is serving as the first brokerage and app provider for these new custodial accounts that function like IRAs for kids under 18, automatically channeling contributions into broad U.S. equity index funds with a five-thousand-dollar annual limit and no required minimum to open.
Thank you @altcap @vladtenev @jgebbia @abhishekf96 and everyone involved in creating the opportunity to invest in our future and our children’s future.
This is a phenomenal experience and reminds me of all the best elements of how Robinhood made finance approachable. Love this
By mid-June more than six million children had accounts activated ahead of the July 4 contribution start, with federal seed money reserved for those born 2025 through 2028.
Parents or guardians manage the accounts until the child turns eighteen, after which a rollover to another provider becomes possible, though exact mechanics and long-term adoption patterns are still taking shape.
Many users praised Robinhood and Vlad Tenev for launching Trump Accounts to expand long-term ownership and investing access for children, while a few criticized the political ties and accused markets of being rigged.
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250 years in, and we're still finding new ways to build toward the American dream.
I believe expanding ownership will lead to a free, stable, and prosperous society, and Trump Accounts help get us there. Proud to play a part in this initiative. 🇺🇸
Today, on the 250th anniversary of our country, Trump Accounts have arrived 🇺🇲
American families can start making contributions to their children’s Trump Accounts and build towards their long-term financial security from an early age.
@vladtenev The start of a movement 🇺🇸
Did you know that all appreciation in these accounts are taxed as *ordinary income* when withdrawn?
Not clear that maxing a 529, and gifting your kids the max into a regular brokerage account isn’t better use of funds. I started setting up an account but paused when I learned this
@vladtenev Vlad became a Legend after he build Robinhood .
Robinhood became a Hero after he met Marian .
@vladtenev Hey Vlad, have you scooped some $CASHCAT yet?
@brezina @altcap @vladtenev @jgebbia @abhishekf96 Goal here for us was to have a start at a traditional IRA
@vladtenev Will the Juggernaut play part in this initiative as well?
@vladtenev expanding ownership doesn't stop at stocks. on your chain, people now own the markets they create. building that part every day
@vladtenev When will you be adding Trump-Epstein accounts?
@vladtenev what's your favorite meme?
@vladtenev XRPRO launched staking and yield on Robinhood
CA - 0x994e7a451457a8b5caebf47ef80257f978204382
@vladtenev Democratizing Finance for All?
@HoodratRH @vladtenev DM we will list you in yield xrprotocol.
@vladtenev Trump family kill crypto, and alt season
@vladtenev XRPRO launched stake on Robinhood
Biggest project so far?
CA - 0x994e7a451457a8b5caebf47ef80257f978204382
@vladtenev 🪶🪶
@vladtenev Ahoy
@vladtenev @nejatian 100% agrees with you here 🏡🇺🇸
@vladtenev 🪶 we building cult for robinhood @vladtenev
@vladtenev You’re the greatest and your stock is my largest position make it fucking rip!!!!