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Trump Accounts Limit Investment Choices | Durham News
Seven million kids now have Trump Accounts, with one million newborns already getting a $1,000 government deposit — but new Treasury and IRS rules are tightening the reins: only low-fee ETFs or mutual funds tracking major indexes are allowed, shutting out individual stocks and bonds. Five pre-approved ETFs, including the ultra-low-fee SPDR S&P 500, are the only options — all capped at 0.1% annual fees. While designed to save families money over time, critics say it’s overly restrictive, locking funds into stocks as kids grow older and ignoring tax advantages compared to 529s or Roth IRAs…
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