Well, the way we designed the program, the way I wrote the legislation, every newborn child has $1,000 automatically seeded into the account. So if you have a baby this year, 1000 bucks immediately appears in that account. And then Parents and family and employers can invest up to $5,000 a year in a tax advantaged account. All of that money gets put in the stock market in the s and P500. And we deliberately wrote it so that there were two accelerators to make the capital appreciation happen more quickly. (11:04–11:11)
CLAIM
Asserts that up to $5,000 can be invested annually in a tax-advantaged account for children.
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