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Trump Accounts expand to stock donations

Original: Trump Accounts expand to stock donations. What are the benefits and risks?

The 'Trump Accounts' program — the new tax-advantaged savings accounts for children created under recent US legislation — is being expanded to allow stock donations, not just cash contributions. Analysts say equities could boost long-term growth for kids' accounts, but warn of added volatility, valuation questions for private shares, and administrative complexity. Debate is focusing on whether expanded investment options will benefit lower-income families or mainly serve wealthier donors seeking tax advantages.

Why now: A newly launched children's savings program is changing its rules to accept stock donations, raising fresh questions about personal finance policy.

Trump AccountsDonald TrumpUS TreasuryYahoo Finance

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• Trump Accounts expand to stock donations. What are the benefits and risks? · Yahoo Finance

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