Starting in 2026, a brand-new type of tax-free savings account nicknamed the "Trump Account" will be available for minors. If you're a parent, grandparent, or even a business owner looking to give the next generation a serious head start, you'll want to take advantage of it.
Jeremiah and Nic explain how these accounts work, who qualifies, and the unique benefits that set them apart from existing savings tools. From a $1,000 government-funded seed contribution for certain newborns, to employer match opportunities, to decades of tax-deferred growth, these accounts could become a cornerstone of a child's long-term wealth plan.
What's Inside:
Who can open a Trump Account and when
Annual contribution limits and tax perks
What investments are allowed and why simplicity is key
The rules for withdrawals and qualified uses
How these accounts fit alongside 529s and Roth IRAs
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Hosts:
Jeremiah Bates & Nic Daniels
