‘Trump Accounts’ can earn your kid $270,000 by age 18. Here’s how the numbers breakdown
In his State of the Union address, President Donald Trump took a victory lap over the rollout of his “baby bond” program, dubbed “Trump accounts.” During the speech—which clocked in as the longest on record—the president claimed an 18-year-old could start from nothing and earn $100,000. “How much money is that for somebody that started with nothing?” he asked.
By our counts, they’d earn even more if their parents can max out these pseudo-401Ks accounts. Starting July 5 of this year,...