Mutual fund giants and other asset managers are seeking clarity on the Trump-branded investment accounts for children in the GOP’s tax law, including who’ll be enrolled and who’ll manage them.
A four-year pilot in the law puts $1,000 in an investment account for children born between 2025 through 2028 to give them a jump start on saving before they turn 18. While the so-called Trump accounts have a partisan name, they resemble a bipartisan idea that’s been around for decades known as “baby bonds.”
But after a slick rollout before the law was signed, with President Donald Trump touting the ...
Learn more about Bloomberg Tax or Log In to keep reading:
See Breaking News in Context
From research to software to news, find what you need to stay ahead.
Already a subscriber?
Log in to keep reading or access research tools and resources.