Oklahoma State Treasurer Todd Russ is encouraging families to sign up for a new federal program offering a $1,000 investment account for eligible children.
The program, known as a “Trump Account,” is designed to help families begin saving early for a child’s future, with funds that can be used for education, workforce training, business startup costs, or a first-time home purchase.
“We’ve seen firsthand through SEED Oklahoma Kids what happens when a child starts with $1,000,” Russ said. “It changes expectations, increases the likelihood of pursuing education after high school, and helps families plan for the future.”
The initial $1,000 investment is available for children born between 2025 and 2028. Families must complete an enrollment process, though additional eligibility requirements may apply under federal guidelines.
According to the Treasurer’s Office, funds in the accounts grow with tax advantages when used for qualified expenses. Those include college tuition, career and technical education programs, apprenticeships, books and supplies, and certain business or housing costs.
Even families who have already filed their taxes can still enroll by completing and mailing Form 4547. An online enrollment option is expected to be available soon.
Russ said the program builds on the success of Oklahoma’s SEED Oklahoma Kids program, which launched in 2007 and provided similar $1,000 investment accounts to selected children.
Research from that program found children with savings accounts are more likely to pursue education or job training after high school, and families are more likely to engage in long-term financial planning.
“A $1,000 investment today can open doors tomorrow,” Russ said. “We encourage every eligible Oklahoma family to take advantage of it.”
