Key Points ・MAGA accounts are a proposed federal savings account for children under 8, capped at $5,000 per year and limited to index fund investments. ・The accounts would allow tax-advantaged ...

Aside from the initial $1,000 investment from the government, families would be allowed to add up to $5,000 a year (indexed for inflation) to the MAGA account, which would be invested in an index ...

The MAGA account also comes with additional strings attached that could make it tricky to manage. Children can begin taking out their savings once they turn 18, but can’t use more than half ...

MAGA accounts would expand stock ownership even further — and from birth, which means more Americans would be invested in America’s prosperity.

Now Trump and his MAGA Republicans in Congress are continuing with the “Trump bucks” strategy. As part of Trump's “Big Beautiful Bill” that is being forced through the Republican ...

The Republican tax bill that is being discussed today in the House Ways and Means Committee proposes a new savings account for young children that comes with $1,000 in seed money from the government.

As currently written in the draft legislation, the MAGA account would allow parents to contribute up to $5,000 per year that would be invested in U.S. equities.

MAGA accounts would expand stock ownership even further — and from birth, which means more Americans would be invested in America’s prosperity.