American families are being offered a $1,000 head start for their children’s financial futures thanks to the U.S. president’s newfound “Trump Accounts.” The savings plan has been exalted by some as a favorable path to secure a six-figure nest egg for their kids, but personal finance expert Dave Ramsey believes there are better ways to secure wealth.
“While $1,000 offers a nice head start for children, Trump Accounts lack flexibility, restrict access, and limit your investment options,” according to a post from Ramsey’s personal finance company, RamseySolutions.com.
