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You need to fire your financial adviser if they suggest putting money in a Trump account
Trump Accounts Are Wealth Policy in Kid ClothesA Branded Vehicle for InequalityThe source makes a straightforward case: Trump accounts are a worse savings tool than 529 plans for almost everyone, because the money is locked up until age 18, cannot be reallocated, and offers little practical advantage over an existing education vehicle that at least allows withdrawals when life goes sideways. It also notes that the tax benefits tilt hard toward higher-income households, while the financial industry still collects its cut.Who Actually BenefitsThe real power in this story is not with parents…
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