Why Trump Accounts Could Completely Upset the Retirement Game—And What It Means for Your IRA Savings.
On the other hand, they add a layer of complexity to the already cluttered landscape of American retirement savings.
Today, the US tax system has more than ten different savings vehicles, all with distinct rules: IRA, Roth IRA, 401(k), 529, HSA… and now Trump Accounts.
Trump Accounts vs IRAs: Key differences to be aware of
Source: BRAGG Financial
Trump Accounts are distinguished by their early accessibility. Unlike Traditional IRAs and Roth IRAs, which require earned income to contribute, Trump Accounts are open from birth.
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