Trump Account Investment Questions

Funds must be invested in mutual funds or ETFs that track the S&P 500 or a broad U.S. equity index. Think: VOO, VTI, IVV, FXAIX, SPY, SPLG, ITOT, or SWTSX. No individual stocks, crypto, bonds, or international funds.

No. Trump Accounts are restricted to S&P 500 or broad U.S. equity index funds/ETFs only. You cannot invest in individual stocks, sector funds, or actively managed funds.

No. Cryptocurrency is not an eligible investment for Trump Accounts. The law requires investments in mutual funds or ETFs tracking the S&P 500 or a broad U.S. equity index.

No. Bond funds are not eligible. Trump Account investments are limited to equity index funds that track the S&P 500 or broad U.S. stock market.

No. The investment must track a "primarily American equities" index. International stock funds, even broad ones like VXUS, are not eligible.

Per IRS Notice 2025-68, eligible funds must have expense ratios capped at 0.1% (10 basis points). Most S&P 500 index funds already meet this threshold. Use our Fund Expense Tracker to compare eligible options.

While the IRS hasn't published a definitive list, eligible funds include those tracking the S&P 500 (VOO, IVV, SPY, SPLG, FXAIX, SWPPX) and total U.S. stock market (VTI, ITOT, SWTSX, FSKAX). The key is: it must track a broad U.S. equity index with an expense ratio under 0.1%.

Yes. You can change your fund selection within the eligible options without tax consequences, as it's still within the Trump Account. This is similar to rebalancing within an IRA.

You choose the fund, but it's managed by the fund provider (Vanguard, Fidelity, BlackRock, etc.). Since these are index funds, they passively track the market — there's no active management making buy/sell decisions.

The S&P 500 has historically returned approximately 10% per year on average (about 7-8% after inflation). Over an 18-year period, returns will vary significantly year to year. Past performance does not guarantee future results. Use our Growth Calculator to model different scenarios.

Since Trump Accounts are long-term (18 years), short-term market downturns are expected and historically recover. Over any 18-year period in S&P 500 history, the market has always had positive returns. The locked-in period actually protects against panic selling.

Only if it meets the investment requirements — tracking a broad U.S. equity index with an expense ratio under 0.1%. Most target-date funds include bonds and international stocks, which would make them ineligible.