Trump is stealing my idea!

[Mik]

... and I'm glad. I've long thought this was a good idea. This way perhaps even kids from modest means can grow up knowing they have opportunity to look forward to.

https://www.msn.com/en-us/news/politics/michael-dell-to-pump-6-billion-into-trump-accounts-for-newborns/ar-AA1RxYzv

[89th]

"Dude, you're getting a Dell"

"Dell grants"

Ok, I'm done

[89th]

The name "Trump Account" is nauseating (ironic that Trump likes gold, since he's kind of the anti-King Midas bankrupting most businesses his name touches), that being said........yeah I think Jamie Dimon or someone also talked about this "give every kid $1000 401K when they are born" idea to improve retirement wealth. Not a bad idea, suck if you were born Dec 31, 2024 though.

[Mik]

SO this is intended to be retirement? My idea was that they would have access for certain purposes at 18.

[89th]

At 18 it becomes a normal IRA basically, with long term holdings taxes and maybe early withdrawal penalties?

[jon-nyc]

It’s a good idea. Fortunately it will be renamed before any of the beneficiaries can read.

I’m down with ‘Mik Accounts’.

[Mik]

It would be an improvement.

[Mik]

Heard on the radio they can be used at 18 for certain purposes, just like I envisioned.