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Treasury opens more than 60 million Trump Accounts; parents still must claim them

Baird's Tim Steffen told InvestmentNews the identity-verification claim is required before money can be added or the investment changed.

By The Wrap desk2 sources13 min read

At a glance

  1. Baird's Tim Steffen told InvestmentNews the step is required before anyone can add money or change how the account is invested.
  2. Finhabits estimates 13.6 million Latino adults may be income-eligible for the Saver's Match in 2027.
  3. The firm puts the share of Latino adults with earnings who would qualify at about four in ten and, under illustrative scenarios, models the group's 30-year retirement balances at $615 billion to $1.02 trillion.

Treasury has opened more than 60 million Trump Accounts, but a parent still must complete an identity-verification claim before money can be added. Baird's Tim Steffen told InvestmentNews the step is required before anyone can add money or change how the account is invested.

Saver's Match

Finhabits estimates 13.6 million Latino adults may be income-eligible for the Saver's Match in 2027. The firm puts the share of Latino adults with earnings who would qualify at about four in ten and, under illustrative scenarios, models the group's 30-year retirement balances at $615 billion to $1.02 trillion.

Reported by The Wrap desk from InvestmentNews and Finhabits. Published . Corrections

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Treasury opens more than 60 million Trump Accounts; parents still must claim them

Baird's Tim Steffen tells InvestmentNews that parents still must complete an identity-verification claim before adding money or changing how the account is invested.

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