Trump Accounts launch with a 100% equity tilt and no glide path
The default is the State Street SPDR Portfolio S&P 500 ETF at a 0.02 percent expense ratio, CNBC reported, with four other options from BlackRock, Vanguard and State Street. Bank of New York Mellon manages the initial accounts, and families track balances through an app built with Robinhood. Return projections deserve a client-expectations caveat. TrumpAccounts.gov estimates a child who receives only the…