From 24/7 Wall St. · Jake FitzGerald · · 50s
Trump Account Picks Only SPYM for S&P 500
Trump Account forces parents to choose SPYM over VOO.
In brief
Trump Account forces parents to choose SPYM over VOO. Parents must use SPYM in Trump Accounts as VOO is excluded by federal rules. Originally reported by 24/7 Wall St..
Trump Account Basics
Federal savings account for children launched in 2025 tax law.
Why VOO Is Excluded
Treasury approved SPYM but not Vanguard's VOO for federal accounts.
Both Funds Track S&P 500
VOO and SPYM mirror same stocks with near identical returns.
SPYM's Advantage
SPYM trades at $90 per share vs VOO's $707 for smaller contributions.
Federal Rules Apply
Parents must use approved funds only in Trump Accounts.
What Parents Get
SPYM provides S&P 500 exposure with low cost and tax benefits.
The essence
Parents must use SPYM in Trump Accounts as VOO is excluded by federal rules.
