A Message From the Editor
A 401(k) for newborns? Yes, that is what is being proposed in the new $4 trillion House bill making its way through Congress. If the “MAGA accounts” proposal becomes law, parents of every baby born between the beginning of 2025 and the end of 2028 would be gifted a “one-time credit of $1,000.” That money will then accumulate interest and value through investments and grow tax-deferred until the child reaches 18. Stay tuned, as the bill is expected to reach the House by Memorial Day, with a Senate vote to follow.
– Lynn Cavanaugh, Senior Editor, Retirement,
BenefitsPRO
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