Trump Accounts, a new federal savings plan for children, went live over the weekend. Is an account right for your family? Thank you for having me on a busy weekend @cnn.com and Fredricka Whitfield!
"All right, so let's talk about these Trump accounts. I mean, how might they be used? Do you see it as beneficial? Well, you know how I am. I don't know, tell me. Well, you know, they can't hurt, you know. It's a government handout to get people started investing for their children. Nothing wrong with that. But, you know, all this sort of fanfare about has gonna, you know, legacy changing. I'm not sure that is true. If you put in $1,000, let it sit there to the kid is 18. It could, you know, with how the market performs, well, six to $8,000. So that's a lot of money, but it's not, you know, a game changer. What would be a game changer if people could automatically be signed up for it, because people have to proactively do something after that $1,000. And really my issue is that it's gonna end up benefiting wealthier families. Those families who can put in that maximum allowed every year, which is $5,000."
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Trump Accounts, a new federal savings plan for children, went live over the weekend. Is an account right for your family? Thank you for having me on a busy weekend @cnn.com and Fredricka Whitfield!
