Mike Lawler

speaker

190 appearances 12 recordings 7 series first heard Sep 2025 last heard 24 Jun

Mike Lawler’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 11 in all, peaking in Feb 2026 with 5.

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The Journal. · Investment Accounts for Babies Are Coming. Wall Street Can’t Wait. · 10 Dec 2025 podcast

So you can keep your money with the financial institution of your choosing.

And so with the Trump account, the business world is excited about, specifically on Wall Street, about being a part of it.

He had wanted to get President Joe Biden to buy in on the idea, but just couldn't successfully get an audience with him.

And he was near Senator Ted Cruz, and he told Cruz that Gerstner wanted to bring stock investment accounts to young Americans through an outfit he has called Invest America.

And days later, he was in Senator Cruz's office talking about how could we make this a reality for...

young Americans.

This is all like being worked up in real time.

There's still a lot of details that aren't fully fleshed out.

But more or less what we know is that families will be able to sign up for the accounts and get access to $1,000 with the Treasury Department.

But what they'll allow you to do is to roll it over into a financial institution of your choosing.

You're very limited in what you can invest in.

You have to essentially invest any money in a Trump account into an ETF or mutual fund that tracks the broader US stock market.

We'll see what is defined as eligible or not.

It's designed that the fees on the fund you invest in are very low, potentially free.

They don't want you investing in like, you know, a private equity fund.

It's really meant to be like the 401k that you don't touch.

When the child turns 18, the Trump account automatically converts into an IRA.

And then the money is essentially yours to use, as you see fit, subject to regular IRA rules.

So I think it's trying to do many things at once.

The administration is really focused on the, I would say, financial literacy angle the most.

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