How Trump accounts create a new way to save for minors
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Trump accounts are being introduced as a new way for minors to save, with various entities providing contributions and financial institutions offering guidance on how to open them. These accounts appear to have investment and tax implications, with some describing them as a means to create a new investor class or provide a tax-smart gift for children. The specifics and potential benefits of Trump accounts are being explored and debated by financial experts and institutions.
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