Bloomberg reports:

Parents would have up to 17 years to claim $1,000 government payments to tax-advantaged savings accounts that Donald Trump’s tax law grants to most children born during the president’s second term under rules proposed Friday.

The Internal Revenue Service proposed rules for the program that seeks to maximize the window of time parents can claim the new benefit. Caregivers can sign up as soon as a child receives a Social Security number up until the end of the year the child turns 17 under the proposal.

Only children born between the start of 2025 and the end of 2028 are eligible for the $1,000 government contributions to the savings accounts, which can grow with taxes deferred until the money is withdrawn. Parents can create accounts for children born earlier but those accounts don’t receive a government contribution.

Should unlicensed financial advisers be suggesting to parents that they should hurry and open these accounts in July, because they're sure the stock market is going to grow before they see their clients again next April?  This may be legal but it might not do much for reputation.  The 4547 does nothing to fund an account until a financial institution completes the paperwork, and that can't happen until July.  I suppose as long as parents are advised of that, no one is giving them false expectations.