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Lawmakers, CEOs Praise $1,000 401(k) ‘Trump Accounts’ for Babies in Tax Bill
News June 12, 2025 at 11:09 AM
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What You Need To Know
- The account investments can be placed in a broad, low-cost fund that tracks the S&P 500.
- They would grow tax-deferred until the individual reaches age 18.
- Distributions after age 18 would be taxed at the capital gains rate.
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