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Podcast: Problematic Women
Episode: OH BABY! Lovers Could Make Out Like Bandits on Trump Accounts This Valentines Day
Description: The Trump administration has created an incentive for Americans to have more children within the next three years.
Any baby born between Jan. 1, 2025, and Dec. 31, 2028, is eligible for $1,000 of seed money in a tax-advantaged investment account known as a “Trump Accounts,” though any parent with a child under 18 can open an account for their son or daughter.
The account operates similarly to an IRA, and parents, relatives, and friends can contribute up to $5,000 annually, though they do not have to make regular contributions.
“Your child’s funds will automa...