The architect of Trump Accounts wants the program expanded to every American under 40
Source: Business Insider ·
Brad Gerstner wants to extend Trump Accounts to Americans under 40, creating early IRAs that could attract corporate and philanthropic funding.
From the source
Brad Gerstner, founder and CEO of Altimeter Capital, wants Trump Accounts expanded to Americans under 40.Bloomberg/Getty ImagesInvestor Brad Gerstner wants Trump Accounts expanded to every US citizen under 40.The plan would create early IRAs that employers and donors could fund.Gerstner, regarded as the architect of Trump Accounts, said the change would require new legislation.Brad Gerstner, the investor and architect of Trump Accounts, is pushing to expand the investment accounts beyond children and make them available to every US citizen under 40.In an interview with CNBC on Wednesday, Gerstner said the change would require new legislation rather than a regulatory rule change.Trump Accounts are tax-advantaged investment accounts created under President Donald Trump’s tax-and-spending law. Right now, they are available to Americans under 18, while children born between 2025 and 2028 are eligible for a $1,000 federal seed contribution.When account holders turn 18, the accounts become…
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