TRUMP ACCOUNTS

 It slipped by me that there was something coming called "Trump Accounts."   If I've got it right, a child is going to be eligible for $1,000 savings account when born between January 1, 2025 and December 31, 2028 as long as it is an American citizen with a social security number.  Of course, the parents will need to open the account.  The parents of older children can also open a Trump Account for them, but they won't get the $1,000 seed money.

Michael Dell (CEO and founder of Dell Technologies) and his wife, have donated $3.25 billion to extend this largess to children under 10 years old.  From the Dell's, if they live in ZIP codes with a median family income of $150,000 or less, the child will receive $250 seed money.  In either case, parents can contribute up to $2,500 each to the account each year.  No contribution is required of the parents.  

The Trump Accounts for the kids cannot be opened until July of 2026.  All the money in these accounts will be invested in the US stock markets by experts.  There is no guaranteed rate of return.  The amount available to the child at 18 years of age will, if nothing else, help teach this coming generation some things about saving money, and investing money. I love it - hope it works.

QUIZ ANSWERS FROM MONDAY

#1  AMY is the one who never kissed Elton John

#2  MICHELLE, MA BELLE were the only words that she would understand.

#3  STACY is the one whose mom had it going on.

#4  PUFF THE MAGIC DRAGON lives in a land called Honah Lee

#5  Saturday night's for FIGHTING

#6  FATHER MCKENZIE saw to the burial of Eleanor Rigby.