Parents Weigh New Trump Accounts for Newborns
Parents can now begin contributing to newly launched Trump Accounts, which provide a $1,000 government-funded investment for eligible children born between 2025 and 2028. Bloomberg's
Parents can now begin contributing to newly launched Trump Accounts, which provide a $1,000 government-funded investment for eligible children born between 2025 and 2028. Bloomberg's Sarah Foster joins David Gura and Christina Ruffini on Bloomberg This Weekend and explains that financial advisers still generally favor 529 plans for education savings and that questions remain about the new accounts' tax treatment, withdrawal rules and future investment options.
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