Your child could soon have a ‘Trump account’ even if you never signed them up

New Treasury regulations allow eligible children to be automatically enrolled, though parents will still need to claim the accounts to take full control.

[Source photo: Adobe Stock]

BY Anna-Louise Jackson

The U.S. Treasury Department will soon begin automatically enrolling children in “Trump accounts,” which could cause the ranks of those enrolled to grow nearly tenfold.

Though parents previously had to submit an IRS form to open this new type of tax-advantaged investment account, Treasury released temporary regulations on Tuesday that would permit automatic enrollment. Beginning as soon as Thursday, any child who satisfies the age and Social........

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