How do those work? Well, starting July 4th of this year, every child in America will have a personal investment account open for them. Newborn children will have them seeded with $1,000. Parents, family, employers can all put up to 5,000 a year in a tax advantage account. And all of that will be invested in the stock market, The S&P 500, a broad based equity index. What are the advantage of this twofold? (18:46–18:54)
CLAIM
Asserts that up to $5,000 a year can be contributed to these tax-advantaged accounts.
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