Exciting news for parents looking to maximize their children’s savings plans! New legislation is in the works that would allow funds granted by the government’s ‘Savings Plan for Every Child’ program to be transferred from banks to more profitable deferred savings options.
This move is aimed at giving parents greater control and flexibility over how their children’s savings are managed. By allowing funds to be moved to more profitable options, parents can ensure that their child’s future is secure and financially stable.
The proposed legislation is a game-changer for families looking to make the most of their children’s savings. With the ability to transfer funds to more lucrative options, parents can take advantage of better investment opportunities and potentially grow their child’s savings even further.
Stay tuned for updates on this exciting development and get ready to take charge of your child’s financial future!
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