Dells Donate $6.25B for Trump Accounts

Michael Dell and his wife, Susan Dell, are making a significant charitable donation of $6.25 billion to fund Trump Accounts for children. These accounts, set to launch in 2026, will provide a $250 seed funding for each of the estimated 25 million eligible children. The Dells funding aims to help children who may not qualify for the initial $1,000 federal deposit. To be eligible, children must be under 10, born before 2025, and live in specific low-income zip codes. The accounts have an annual contribution limit of $5,000 and convert to a traditional IRA when the child turns 18.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.