A proposed bill includes a one-time $1,000 deposit for newborns. It's intended to introduce children to investing and build wealth. The accounts would be available to children born between Jan. 1, 2025, and Dec. 31, 2028, who are U.S. citizens and whose parents have Social Security numbers. For the pros and cons, NTD speaks to "America’s Accountant" Daniel Geltrude, a CPA at Geltrude & Company.
$1,000 'Trump Accounts' a Good Idea, Encourages Savings: Certified Public Accountant
For the pros and cons, NTD speaks to "America’s Accountant" Daniel Geltrude, a CPA at Geltrude & Company.