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theguardian.com
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Trump IRA: Limited Financial Value Despite Tax Advantages
The Trump IRA, part of a recent bill, offers a $1,000 government contribution for children born between 2025-2028, plus annual contributions up to $5,000, with tax advantages and penalty-free withdrawals at 18; however, alternative savings methods such as 529 plans and whole life insurance may offer...
Trump IRA: Limited Financial Value Despite Tax Advantages
The Trump IRA, part of a recent bill, offers a $1,000 government contribution for children born between 2025-2028, plus annual contributions up to $5,000, with tax advantages and penalty-free withdrawals at 18; however, alternative savings methods such as 529 plans and whole life insurance may offer...
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