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Michael and susan dell are seeding trump accounts for american children, but the policy, as written, risks leaving out many recipients. Here are the pros and cons. Experts say the massive donation is a boon to children, but concerns remain with the structure of the accounts.
The babies would have to be u.s The accounts were created as part of president donald trump’s tax and spending legislation but have not yet launched. Citizens and have social security numbers
Those accounts, called trump accounts, could be supplemented by deposits from parents, relatives or even employers.
Michael and susan dell announced a $6.25 billion philanthropic gift to create investment accounts for children, aiming to help them benefit from compounding returns as adults The trump accounts, established in this year’s tax bill, provide $1,000 for babies born during president trump’s second term and $250 for most other children under 10, with funds invested in index funds. A big donation from susan and michael dell just made trump accounts available to more children Here, we look at whether you should sign your kid up.
Here’s what to know 1 of 4 | billionaires michael and susan dell pledged $6.25 billion on tuesday to provide an incentive to families to adopt new investment accounts for children
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