Trump’s Big Beautiful Bill set up something for newborns which allows a savings account that isn’t tied to college, right?
A ridiculous example of the government getting “the people” into the market. A market most don’t understand. They abdicate any responsibility to a mutual fund that pays them the most money. Those funds press their holdings for unrealistic returns.
I’ve seen those funds ruin good companies. I’ve been in those analyst meetings.
The 401(k) was the worst thing to happen to the US business world since the Great Depression. This lousy account will be another example of a stupid idea.