Trump Accounts for adults: 4 things advisors want Congress to consider
Source: Business Insider ·
Trump Accounts could be rolled out to adults, but that will require Congress to act. Here's what experts want to see.
From the source
Roberto Schmidt/Getty ImagesAfter expanding Trump Accounts to all children, the administration may look to adults next.We spoke to five experts about what should be in a Trump Account program for adults.Accounts should support the millions of Americans who don't have retirement savings, they said.Trump Accounts, created for children, may be coming to adults, too. Brad Gerstner, an architect of Trump Accounts, said on Wednesday that the tax-advantaged accounts should be rolled out to every US citizen under 40, though he flagged that Congress would need to pass new legislation to make that happen.President Trump similarly said on Tuesday that the White House is exploring creating an "alternative" Trump Account for adults."We are looking at something different because it really is somewhat of a different thing having to do with adults," Trump said.So what might that look like? We spoke to five experts about how Trump Accounts could work for adults, who they should be for, and how they…
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