>GenA will get free money for retirement just by being born>Everyone else who paid their hard earned money into social security won't get anything because boomers are draining
The dollar wont exist in 30 years
>>538724176$1,000,000 will be enough to buy you an e-bike by the time these kids are 28, so I wouldn't stress about it too much. Concern yourself with not being a useless piece of shit that provides value to someone
Trump is creating generational bagholders
It's free loans to private companies really. Shit liekl this and 401ks replacing pensions are just a scam to pump the stock market and funnel money into private capital.
>>538724267If there is inflation the market return will continue beating itSo it will still be whatever feels like a milly
>>538724327>market return will continue beating itNo it won't. The "market return" will be the driver of inflation. Dollars in savings will rot, dollars "invested" will trade water in purchasing power. But you should be happy, soon everyone will be a "millionaire" giving the useless government 50%+ of their "income"
>>538724176Is this deductable?Can i deduct my mortgage payments yet as a first time home buyer?Can i deduct my wifes student loan debta yet?Fags
>>538724327>thieving nigger commie has zero idea how investing and inflation workLol, fucking pottery.
>>538724176Social Security cannot be drained unless a conscious decision is made for it to be drained.Every fucking day these dumb fucking threads.Learn how money works.https://www.youtube.com/watch?v=DNCZHAQnfGUhttps://www.youtube.com/watch?v=JGuNpqYBkZk
Other than the 1000 dollars, can someone tell me how the trump account is beneficial? It didn't look tax advantaged to me at all. I heard it was "tax deferred" but I don't fucking get it. Aren't all investments tax deferred in that you don't get taxed until you sell the stock?
>>538724317what else are you going to do with the money? hide it under the mattress?
>>538725189It's another scam like Trump University, Trump steaks, Trump coin crypto, etc.Dumb uneducated right wingers fall for this shit all the time because they fundamentally do not understand how money works. And they don't want to know -- they like being ignorant.
>>538725189kinda. dividends are taxed as income when they are distributed. capital gains are taxed when you sell, yes. this is after-tax money into (basically) an IRA. so both dividends and selling don’t generate taxable events, only withdrawals count as income
>>538725189Normal child IRA needs kid to have a W-2 and you can't put more in the account than the kid made. So this child's retirement account is a option for a kid that inst working (most kids 0-16 years old).At 18 it changes to a traditional IRA. Bigger bet is on if this country will still be here 60 years from now when you can actually draw from account w/o penalties.
>>538725189it allows rich people to get richer while republicans and democrats take turns gutting the middle class
>>538724176Did you forget about the part where the Jews already sterilized all the Goyim, so only Jews will be getting this account?
>>538725088>Every year the Social Security Board of Trustees submits a report to Congress with an update on the financial status of the program. Social Security needs enough money to pay the program's beneficiaries and to cover its administrative costs.>In 2025, Social Security's retirement fund earned $1.2 trillion, mainly from the 185 million people who paid payroll taxes to Social Security. But the program, which paid benefits to more than 56 million people, cost $1.4 trillion. The program paid out more than it brought in.>For years, the Social Security trust fund has been supplementing spending that is not covered by the money coming in from taxes. But the trust fund reserves are running out. The 2026 report revised that depletion to late 2032. The trustees reported that, as of that year, the program will only have enough money to pay 78% of benefits.Not to mention less people are working now.
>>538725610>kinda. dividends are taxed as income when they are distributed. capital gains are taxed when you sellWrong! White incel losers think they know everything but didn't read the tax code
>>538724176You idiots realize Trump Accounts are treated as traditional IRAs at 18, right? Early withdrawals face a 10% penalty, unless you're buying a home or paying for college. Trump has made bagholders of our children for the inflated stock portfolios and home prices of boomers.
>>538725336The answer will always be put it in a HYSA and forget about it. Take what you need when you want something. Live your life. Don’t tie your money or assets to anything six feet or closer to the name “Trump”
>>538726832Their projection doesn't account for the labor collapse occuring in America. That well will be dry sooner than 2032.
>>538728204Chicken little >>538728119Waaaaah free money is bad waaaaaah drumph waaaah, lnao you worms are pathetic
>>538728320Stocks only go up because the dollar only goes down.
>>538728360You have white incel brain rot
I opened one for my kid and I've yet to activate it bc this country has gotten so fucking gay since I filed my fucking taxes I'm not sure if my kid will look like a faggot for having one now. What do Bros?
>>538726832Their projection is entirely irrelevant because Social Security is only funded through payroll taxes as a POLITICAL CHOICE.The government creates money. It can never run out of it. It can always afford to make the payment. The only question is that of REAL RESOURCES -- things you want to trade money for. If you don't have enough of those, then you get inflationary pressure.But no, Social Security can NEVER run out of money because the government can NEVER run out of money.But if you went around telling people the United States was running out of chicken or lumber, no one would take you seriously. So you tell them that it is running out of money and this works on most people because they internalize their own household or business's need to earn or acquire deposits first before they can spend. But the government is not like a business or a household. It creates its own money unit every time it spends.
>>538728119Correct. There is literally no incentive to make an account. Open a me-high risk HYSA Fidelity account and put away $500 a month or more. Thats it. Welcome to financial security.
>>538725189>>538724176It's just another tax dodge for rich people.
>>538728696You are just a dumb incel loser
>>538725344trump is a BUSINESS man first! he knows this stuff better than anyone
>>538725845>Bigger bet is on if this country will still be here 60 years from nowOr if the vaxed kids will make it to 60. Looks like the ones in the know are betting they wont.
>>538728696It would be better to make a company with friends and hiring your kid as an employee(covered stock photo) or contractor and then having their wage or benefit put into a Roth Ira.
seems like a tard trap aside from the free 1000. if it just changes to a trad ira at 18 its possible you would rather just have the money in a brokerage.
>>5387241762026 aren't Gen A dude that's probably Gen Beta or the very end of Gen A.
>>538728204>HYSA>HYNo such thing lmao. Might as well just be netzero after inflation as well
>>538724176NOBODY has money to put into this shit.
Another grand disaster
>>538724176>gen A will baghold for boomers long after their death holy lmao millenials and z's will be the new boomers to blame while getting nothing the boomers got based and boomerpilled orange nigger
>>538724176being born is a tough ask when 90% of the worlds wealth is in the hands of people over 80 years old.
That's a socialist bail out and Trump deserves the noose for it
>>538724258At this rate it probably won't be around for another decade.
>>538730056>Roth IraJewry incarnate.
