Bank of America, Trump and JPMorgan
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The new program allows parents to set up savings for young children that can later be used similarly to a traditional IRA.
Trump celebrated giving “every newborn American child a financial stake in the future.” But some experts have concerns.
Major employers are matching $1,000 Trump Account deposits—giving kids a $2,000 head start to grow, compound, and access when they turn 18.
President Donald Trump’s tax legislation includes a provision called Trump Accounts, which gives $1,000 to every newborn if their parents open an account.
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