How Trump Accounts Could Make Americans Worse Off
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While Americans are saving less and carrying large amounts of student-loan and credit-card debt, Trump Accounts are offering a new savings program for families to start wealth-building earlier. But the growing menu of plans – from 529s and Roth IRAs to Trump Accounts and state programs – also creates new complexity. Tax treatment, withdrawal rules and whether families can afford to keep contributing may ultimately determine who benefits most from the power of compounding. -------- More on Bloomberg Television and Markets Like this video? Subscribe and turn on notifications so you don't miss any videos from Bloomberg Markets & Finance: https://tinyurl.com/ysu5b8a9 Visit http://www.bloomberg.com for business news & analysis, up-to-the-minute market data, features, profiles and more. Connect with Bloomberg Television on: X: https://twitter.com/BloombergTV Facebook: https://www.facebook.com/BloombergTelevision Instagram: https://www.instagram.com/bloombergtv/ Connect with
Tags: 529, Baby Bonds, Bonds, Cato Institute Inc., Child, Connecticut, David Westin, Investing, JP Morgan Asset Management Inc, Kevin Hassett, Roth IRA, Scarlet Fu, Tricia Scarlata, Trump Accounts, college savings plan
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