What subsection of a law is that? Be specific.
#167 | POSTED BY ALEXANDRITE
Seriously are you stupid, the FACE act extended First Amendment rights, and added abortion clinics.
Amends the Federal criminal code to prohibit: (1) intentionally injuring, intimidating, or interfering with, or attempting to injure, intimidate, or interfere, any person by force, threat of force, or physical obstruction because that person is or has been, or in order to intimidate such person or any other person or any class of persons from, obtaining or providing reproductive health services; (2) intentionally injuring, intimidating, or interfering with, or attempting to injure, intimidate, or interfere, any person by force, threat of force, or physical obstruction exercising or seeking to exercise the First Amendment right of religious freedom at a place of religious worship; or (3) intentionally damaging or destroying the property of a facility, or attempting to do so, because such facility provides reproductive health services, or intentionally damaging or destroying the property of a place of religious worship.
www.congress.gov
"At age 18, without any contribution, the account possibly can have $6000. "
Nonsense. That's over 10% per year, compounded. And you're completely ignoring where these monies will ultimately go: bank fees. Even a measly $25/year takes ONE FOURTH of your expected growth.
I LITERALLY had to warn my clients about these accounts, which have been widely panned across the financial world. Why? They're not even as good as 529 plans:
$5000 per year cap, vs. unlimited caps on 529 plans
Not deductible, vs. deductible on the state level
Index funds only, vs. a half-dozen choices
Untouchable before 18, vs. can be tapped for school expenses
Turns into taxable IRA, vs. can be turned into a Roth IRA
Accounting nightmare, vs. easy rules
OF COURSE Jamie Dimon is in favor!