Weather

86°F2:13 PM

Community

1 read

New App Launches for Managing Trump Accounts for Kids in El Paso

KVIA•Wednesday, May 27, 2026 at 8:36 PM•CNN Newsource

People gathering representing community events and culture

Want the full story?

Read the complete article at KVIA

AI Summary

A new app designed for managing Trump Accounts will be available starting Thursday morning, as announced by Treasury Secretary Scott Bessent. These accounts, which are IRA-style savings plans for children, already have nearly 6 million participants. Parents can contribute up to $5,000 annually, and the government will add $1,000 for eligible children born between 2025 and 2028. The app, created by Robinhood and the Bank of New York, allows parents to view account balances and make investment decisions, with official investment options starting on July 4. Families can access financial literacy modules through the app until then.

Key Details: • App available on Apple and Google app stores starting Thursday morning. • Parents can contribute up to $5,000 annually to each child's account. • Federal government will contribute $1,000 for eligible children born between 2025-2028. • Investment options begin on July 4, with financial literacy modules available now. • To create an account, parents must fill out Form 4547 and submit it with their taxes or register at trumpaccounts.gov.

children investing financial-literacy trump-accounts savings-accounts

People & Organizations

Scott BessentTreasury DepartmentRobinhoodBank of New York

Related Articles

Concerns Raised Over Peeling Sealant at Lincoln Memorial Reflecting Pool

Recent images and videos have surfaced, highlighting issues with the sealant on the Lincoln Memorial Reflecting Pool, which was refurbished during the Trump administration. This development raises questions about the quality of the restoration work and its long-term impact on one of the nation's iconic landmarks. The peeling sealant could lead to further deterioration if not addressed promptly, affecting both the aesthetics and structural integrity of the pool. Residents and visitors alike should stay informed about potential maintenance updates or restoration efforts.

Anne Hathaway Announces She’s Expecting Baby Number Three

Oscar-winning actress Anne Hathaway has shared the exciting news of her third pregnancy through a joyful Instagram video. In the clip, the 43-year-old actress showcases her baby bump and expresses her happiness with the caption 'Baby, I'm yours,' accompanied by the classic song by Barbara Lewis. This announcement adds to Hathaway's family, as she is already a mother to two children. The news has delighted fans and followers alike, marking a new chapter in her life.

El Paso Veteran Bobby Long Celebrates 100th Birthday This Father's Day

Bobby Pierce Long, a lifelong resident of El Paso and U.S. Navy veteran, is set to celebrate his 100th birthday on Father's Day. Long witnessed the conclusion of World War II in Tokyo Bay, marking a significant moment in history 81 years ago. His milestone birthday not only honors his service but also reflects on the impact of the war on his life and the community. Local residents are encouraged to join in celebrating this remarkable achievement and honoring Long's contributions.

Fire Breaks Out in Las Cruces Mobile Home, No Injuries Reported

A mobile home in Las Cruces sustained damage due to a fire that broke out on Thursday afternoon. Firefighters from the Las Cruces Fire Department responded to the incident at approximately 3:30 p.m. at a location on Calle Sosa near Encino Avenue. Crews quickly controlled the blaze, which originated in the attic, managing to extinguish it within 13 minutes. Fortunately, there were no injuries reported, but the cause of the fire remains under investigation.