Invest america - the Usa’s new child investment accounts

This is an amazing system to set kids up for the future: https://investamerica.org

Before we get to my reasoning, Google explains this program is a federally-authorized, tax-deferred custodial investment account for children in the US. The program provides newborns (born between January 1, 2025 and December 31, 2028) with a one-time $1,000 government seed deposit in the account, along with allowing annual contributions of up to $5,000 from family or friends. The investment account funds are locked until the child reached at least 18 years of age, but they can continue being invested in the account until the age of retirement when they would be converted to a traditional IRA.