Treasury Secretary Scott Bessent says automatic enrollment is coming for Trump Accounts, the tax-advantaged investment accounts created for American children under the administration’s 2025 tax legislation. Bessent told a Breitbart economic forum that more than seven million enrollments have already been recorded since the program’s formal launch in July and said a coming change could […] The post TRUMP ACCOUNTS MOVE TOWARD AUTOMATIC ENROLLMENT appeared first on StoneZone .
Treasury Secretary Scott Bessent says automatic enrollment is coming for Trump Accounts, the tax-advantaged investment accounts created for American children under the administration’s 2025 tax legislation. Bessent told a Breitbart economic forum that more than seven million enrollments have already been recorded since the program’s formal launch in July and said a coming change could expand eligibility enrollment dramatically, while families would still need to activate accounts. Under the program, qualifying children born during the covered period receive $1,000 in federal seed money, and families can add contributions through the Treasury-backed platform. The administration presents the accounts as a way to broaden long-term…Open
Financial influencer Angelo Castillo discusses his viral videos sharing investment advice with Gen Z. He breaks down his portfolio strategy, index funds and using AI for financial planning.
In a surprising move, California Governor Gavin Newsom has praised President Trump's children's savings accounts, urging parents to participate.
In a surprising move, California Governor Gavin Newsom has praised President Trump’s children’s savings accounts, urging parents to participate. PULSE POINTS WHAT HAPPENED: California Governor Gavin Newsom (D) endorsed President Donald J. Trump’s children’s savings accounts , calling them “one of the best things” the President has done. Newsom encouraged parents to sign up for the accounts, which provide a $1,000 federal deposit for children born during Trump’s second term and can grow rapidly with regular contributions. KEY QUOTE: “I’m enthusiastic about encouraging people to get a Trump Account. It’s one of the best things he’s done.” – Gavin Newsom IMPACT: Newsom’s endorsement could influence California…Open
Ramsey Solutions' George Kamel breaks down how a $1,000 federal seed deposit in a Trump Account can turn into millions—and reveals the major tax catch parents need to know before opening one.
Polls show most Americans think young adults today have it harder financially than past generations. A majority of parents help their grown children with expenses, even if it hurts their own finances.
Thanks to prolonging an inevitable end through expensive interventions, younger generations may see little of the money their parents and grandparents saved.
American families with children born between Jan. 1, 2025, and Dec. 31, 2028, can claim a $1,000 Trump account, according to the White House. They can add up to $5,000 to the account.
Democrats, led by Rep. Bennie Thompson, are encouraging families to reject Trump Accounts, a program designed to provide children with a $1,000 tax-free head start toward financial security.
Democrats, led by Rep. Bennie Thompson, are encouraging families to reject Trump Accounts, a program designed to provide children with a $1,000 tax-free head start toward financial security . PULSE POINTS WHAT HAPPENED: Democrats, led by Representative Bennie Thompson (D-MS), are urging the public not to take advantage of Trump Accounts, a program introduced under President Trump that provides eligible American children with $1,000 in tax-free seed capital to build financial stability. These funds can be regularly topped up and used for education, home ownership, business ventures, or other wealth-building opportunities. KEY QUOTE: “[P]ass on a Trump Accounts,” Rep. Bennie Thompson urged families, encouraging them to reject the…Open
