United States President Donald Trump announced on Tuesday that the so-called Trump Accounts, the investment accounts for children under 18, will become available from July 4 next year.
"Contributions to Trump Accounts will also be a great benefit for employers to offer their workers, which they'll be able to do tax-free. We expect hundreds of major companies to announce plans to contribute to these accounts in the coming months," the US president said.
He thanked Chairman and CEO of Dell Technologies Michael Dell and his wife Susan for contributing $6.2 billion to the savings accounts. Under the plan, children born between 2025 and 2028 are eligible to receive $1,000 from the US government and additional contributions from employers or prominent philanthropic organizations.
https://breakingthenews.net/Article/Trump-Accounts-to-start-July-4-next-year/65284019
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