Why Trump Accounts Could Completely Upset the Retirement Game—And What It Means for Your IRA Savings.
Funds must be invested in Index funds tracking the US market, with fees limited to 0.1% to guarantee maximum returns.
Unlike traditional retirement savings accounts, Trump Accounts do not require earned income to contribute.
This means that even a newborn baby can start saving in its first year, an approach reminiscent of the “baby bonds” championed by several politicians for over a decade.
An IRA-like structure, but with nuances
Tax-wise, Trump Accounts resemble a hybrid between a Roth IRA and a Traditional IRA.
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