Reported about 11 hours ago
The new tax law introduces 'Trump accounts,' providing $1,000 for each child born between 2025 and 2028, aimed at encouraging early saving and investment. However, financial experts caution that these accounts offer fewer benefits compared to existing options like 529 accounts or IRAs, and the associated rules may complicate their use. While they could be beneficial for certain families, the overall consensus is that they are not an attractive investment solution.
Source: YAHOO