MAGA Accounts: Trump’s $1,000 Baby Proposal vs. the UK’s Forgotten Trust Funds
Автор: #401klady Jeanne Sutton
Загружено: 2025-06-18
Просмотров: 79
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What if the government gave your baby a $1,000 investment account?
Trump’s latest tax proposal — the “Big Beautiful Bill” — introduces MAGA Accounts: government-seeded, tax-deferred accounts for babies born between 2025 and 2029. But this isn’t the first time a country’s tried it…
🇬🇧 In this #401kLady episode, Jeanne compares Trump’s plan to the UK’s Child Trust Fund program — which amassed over $13 billion in savings… and still saw hundreds of millions in unclaimed accounts.
📌 What you’ll learn:
What MAGA Accounts really are (and why they’re not Roths)
Why wealthier families may benefit the most
What went wrong in the UK — and how to avoid a repeat
The need for fee caps, education, and simple design
🍼 Early savings can change lives. But only if people know the money’s there.
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