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How to know if your child qualifies for a Trump Account: 'A financial stake in the future'

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6 days ago

The Trump administration on Wednesday introduced "Trump Accounts," a provision of the new tax legislation which will dole out $1,000 to every newborn U.S. citizen whose parents enroll them in the program.No contributions are necessary, but parents can deposit up to $5,000 per year, which will be invested in American companies in the stock market.At age 18, without any additional contributions, it is estimated a child's account will be worth $5,800.By age 55, a child's account without any additional contributions will reach roughly $200,000.THE ECONOMIC POLICIES SHAPING TRUMP’S RETURN TO THE WH...

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6 days ago
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