(Washington, DC) — Millions of children will automatically be enrolled in Trump Accounts under new rules out Tuesday. It means parents will no longer have to sign up for the program. The accounts, signed into law last year, let parents invest for their children. Once they turn 18, the accounts will act as traditional individual […]
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Children To Be Auto-Enrolled In Trump Accounts
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(Washington, DC) — Millions of children will automatically be enrolled in Trump Accounts under new rules out Tuesday. It means parents will no longer have to sign up for the program. The accounts, signed into law last year, let parents invest for their children. Once they turn 18, the accounts will act as traditional individual retirement accounts. Additionally, children born between 2025 and 2028 will receive a one-thousand-dollar contribution from the federal government.