International Man: The government is now offering “Trump Accounts” for children, with a $1,000 federal contribution for eligible kids born from 2025 through 2028.
Why do you think the government wants this money held in an IRA-style structure instead of simply giving families direct ownership and control?
Doug Casey: My understanding is that once the money goes into the Trump account, it can’t be withdrawn at all until January 1 of the year the child turns 18. Then it’s treated like a regular IRA. With exceptions for education or the purchase of a first house. 60 years hence, it’s supposed to be tax-free. But 60 years is a long time...
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