>be kid just born>get "free money" from billionaires and the US Govt put into an IRA account that you can't touch until 18>parents and other family members contribute to it>no say in where it is invested except for what the US Govt says>US tech-heavy ETFs are the only options>it rolls over to a *normal* IRA (which is taxable, unlike Roth IRAs) after the kid turns 18this is how they steal money from the working class btw. essentially free money contributing to the stock market that can't be touched for 18 years.
the sheep thanking this kind billionaire
>>541915668i dont even get it just buy 250$ of apple stock and call it a day
>>541915941I agree a self managed account would probably perform better anyways. This is a way for Trump to say he helped the little man when again it's another hand out to his friends.
>>541915941that's the beauty of it. they want parents and family to contribute into it - and they will - which just extracts more money from the workers and feeds back into the billionaires like Dell. since it can't be touched for 18 years, it's an endless money pit.
>>541916059Also what happens if your kid God forbid dies before 18. As horrible as that is it happens. Do you lose your money? Do you have to wait the full term to pull the money out of your dead kids account? Can you use it for funeral costs?
I voted for thisyou lost tranny
>>541915851Why the fuck are normies like this
>>541916171it is paid out if the kid dies before 18
>>541916059This is the plan.
>>541915851>All those bluecheck bots
wow cool what a pittance. in sure that will turn into 1k in 20 years.
>>541916531there are a whole lot more that are posting screenshots of the money too. most probably aren't bots. they genuinely think this billionaire is giving them free money for nothing. kek
>>541915851I looked into it and you only get like 1k and basically you need to fuck and create a kid right now to get it, doesn't help me who already created several White children under eighteen. Also there's all sorts of insane stipulations on when you can touch the money you're still taxed on it and you have no choice in what it is invested in. Anyone with experience investing will do better, it doesn't beat inflation. Hell even a CD is a better bet and isn't tied to the shit ass stocks they'll pick.It's literally going to be the AND IT'S GONE south park episode, I don't trust it.
>>541916849yes, literally what i just said. they give out this free money to encourage you (as a parent) and your family to contribute into it. this money is invested into stocks that you can't sell for 18 years while the wealthy people who actually own these stocks can sell at anytime.
>>541915668I wish I got an IRA instead of paying for spics/boomers/neets with social security.
>>541917272this is an IRA you can't sell at all for 18 years. even normal IRA accounts can be accessed for a 10% penalty. the only way to get money out is if the kid dies before 18 or other very limited reasons.
>>541917447Oh, I just meant in general. Personally, I think all tax deferred accounts are a scam, but at least I could get stock market tier returns that way if I am compelled to subsidize something.
>>541917091Yup they give it all to their top campaign donors like how the fuck is this a good idea or some index that is 80% us tech stocks It's like I got this black co worker who says he would have a billion dollars if he got 1000 dollars in BTC in 2010 like buddy you don't really get it do you lol Anyway putting the money in BTC would be a better investment and you can take it out at any time
>>541915668Jewish Billionaire gifts $250 to Millions of American children and /pol/ still thinks this is bad thing somehow.
>>541915668take the free 1kdont add a cent, that account is bullshitmax out your roth/401k/457/HSAthrow remaining money into a brokerage, your tax implications are far lessconvert to a trust if you actually have money worth shit to pass down.
