I think this is very unique, but different from this. But very important. Yeah. You mean the Australian retirement thing? Say it. You mean the Australian retirement thing? That's what they're talking about. Yep. We're looking at it very seriously. It's a good plan. It's worked out very well. Yeah. Please, Mr. President, can you talk about what tax benefits these accounts come with? The information sheet that we just received said that when a child turns 18, they'll be treated like traditional IRAs, subject to a 10% withdrawal tax. (33:34–33:38)
CLAIM
Asserts that the Australian retirement plan is being looked at seriously and has worked well.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
