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Message
BBB Trump Youth Accounts
Posted on 5/28/25 at 4:14 pm
Posted on 5/28/25 at 4:14 pm
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Rapid Response 47 @RapidResponse47
The wealth accumulation created by Trump Accounts included in the One Big Beautiful Bill "would be utterly transformational for our next generation of children," writes @SenTedCruz .
This post was edited on 5/28/25 at 4:15 pm
4
Posted on 5/28/25 at 9:59 pm to Kjnstkmn
Posted on 5/29/25 at 6:45 am to Kjnstkmn
Why would they retroactively limit it to people almost 2 years ago. Does she mean after instead of before?
Posted on 5/29/25 at 7:57 am to Kjnstkmn
Really like this idea. I don't see any way that government hands are involved in the money invested for retirement and there's no requirement to do it.
Compared to Social Security, this is an infinitely better concept for retirement. SS is a government mandated retirement savings that they rape and pillage regularly and offer very little flexibility on when you decide to use it, and no say in how it is invested for growth.
Anybody see any possible red flags here? Possibly the government requiring index funds of companies who pay to be in it maybe? I'd like to see them harden the language to where it's extremely difficult for future politicians to get their hands in the pot.
Compared to Social Security, this is an infinitely better concept for retirement. SS is a government mandated retirement savings that they rape and pillage regularly and offer very little flexibility on when you decide to use it, and no say in how it is invested for growth.
Anybody see any possible red flags here? Possibly the government requiring index funds of companies who pay to be in it maybe? I'd like to see them harden the language to where it's extremely difficult for future politicians to get their hands in the pot.
Posted on 5/29/25 at 8:03 am to WhiskeyThrottle
quote:
Anybody see any possible red flags here?
This program will be hijacked by the Democrats in short order. Look for those initial investment amounts to increase substantially.
Posted on 5/29/25 at 9:28 pm to Kjnstkmn
Brad Gerstner has been a huge backer of this for years.
Posted on 5/29/25 at 10:39 pm to Kjnstkmn
Who decides where the funds are invested?
Posted on 5/30/25 at 5:58 am to La Place Mike
quote:
Who decides where the funds are invested?
This is my sticking point.
It has to at a minimum have a Personal Choice option where one can invest freely in Mutual Funds and/or ETF’s.
I opened my company’s PCRA via Schwab long ago and am up 40+% in the last year,
I’d be screwed if I was in the standard baskets of bullshite funds.
Posted on 5/30/25 at 6:03 am to WhiskeyThrottle
quote:
Anybody see any possible red flags here?
Where does this money come from?
Posted on 5/30/25 at 6:31 am to Kjnstkmn
How is this not the government printing money and dumping it into the stock market?
Posted on 5/30/25 at 6:40 am to IMSA_Fan
3.5M babies per year in the US x $1,000 makes this is $3.6B program annually.
Posted on 5/30/25 at 6:42 am to lynxcat
I’m unclear on the tax treatment on the backend. It sounds like this is tax free withdrawal at 25 or 30. If so, excellent…this is effectively an option that allows for savings even earlier in life as no earned income requirement will exist.
I hope this comes to fruition, $5K a year has potential for life changing retirement nest egg.
I hope this comes to fruition, $5K a year has potential for life changing retirement nest egg.
Posted on 5/30/25 at 6:43 am to lynxcat
quote:
3.5M babies per year in the US x $1,000 makes this is $3.6B program annually.
It says 1,000 initially and 5,000 annually.
Posted on 5/30/25 at 7:04 am to Dawgfanman
quote:
It says 1,000 initially and 5,000 annually.
It's 1k the first time from the govt. That's it.
Then you have the option to put up to 5k annually yourself. The government does not put this money in.
Most people don't save anything, so this is a giant nothing.
If it's similarly setup like a 529, which has a much higher contribution ceiling.
This post was edited on 5/30/25 at 7:06 am
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