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A new government-backed savings account for kids is on the way, and on the surface, it sounds like a win. Free money, long-term investing, and a head start for the next generation. But once you look closer, Trump Accounts raise some questions. Scott walks through the pros, the trade-offs, and how to decide whether these accounts fit into your family’s broader plan.
Here’s some of what we discuss in this episode:
👶 New Kids’ Accounts: What Trump Accounts are and who qualifies
💰 Free Money Factor: Why the government contribution matters
🧾 Rules & Restrictions: Contribution limits and account mechanics
⚖️ Pros vs. Cons: Where these accounts help and where they fall short
Resources:
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