"The problem is that Trump Accounts further complicate our already-complex savings account system. We have at least 11 different tax-advantaged savings vehicles, with different rules, limitations, and regulations. Moreover, Trump Accounts are structured as a bizarre mix of Traditional and Roth IRAs, but with additional restrictions ... As such, Trump Accounts really do not provide any additional incentive to save.... [T]he main attraction is the $1,000 initial deposit from the federal government."  MORE >>