Why Trump Accounts Could Completely Upset the Retirement Game—And What It Means for Your IRA Savings.
An opportunity, but not a miracle solution
It would be tempting to see Trump Accounts as a universal, miraculous solution. After all, who would turn down a free $1,000 payment for their child?
Yet beyond this “gift”, experts point out that other retirement accounts may be more effective, depending on the objective pursued.
To finance education, for example, 529 plans remain unbeatable, with their targeted tax advantages. For retirement planning, Roth IRAs dominate with their total exemption on exit.
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