The account is controlled by the child when they turn 18, and withdrawals are subject to traditional IRA rules, meaning that withdrawals before age 59½, except for exceptions such as education and home purchases, are subject to income tax and a 10% early withdrawal penalty. Morningstar estimates that if $1,000 is deposited annually into a child's "Donald Trump account," the account balance could exceed $50,000 by age 18, and if no further contributions are made after adulthood, it could reach $850,000 by age 55. Financial experts advise parents to discuss the operation and tax implications of such accounts with their children as early as possible to avoid future misuse or tax issues.