9. New Federal Investment Accounts for Newborns
A long-term savings idea
The government will deposit $1,000 into investment accounts for eligible babies born between 2025 and 2028.
Parents must file a special election with their tax return.
Pros
- Encourages early wealth-building
- Long-term growth potential
Cons
- Limited parental control
- Benefits won’t be felt for many years
- Strict eligibility rules
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