Brad Gerstner, an architect of Trump Accounts, said the tax-advantaged accounts should be extended to every US citizen under 40, though Congress would need to pass new legislation, while President Trump said the White House is exploring an “alternative” account for adults. Ray Boshara of the Aspen Institute said the accounts could help the 46% of Americans without retirement account savings, arguing they should focus on people without 401(k)-type plans rather than be universal, whereas Cem Karsan sees universal access as a way to widen stock ownership. Experts warn that accounts could make low-income adults ineligible for benefits like Supplemental Security Income, and Boshara says opt-in enrolment is holding back lower-income families from the $1,000 available to US children born between 2025 and 2028.
Summary written by Upside AI from the original article. Read the source for full details.
Original headline: Trump Accounts May Roll Out for Adults Under 40 . Here What to Watch .
Read the original on businessinsider.com ↗
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