Episode Details

"Trump Accounts" refer to 530A accounts, a new type of tax-advantaged savings vehicle for children introduced in the One Big Beautiful Bill Act of July 2025. For your family, these accounts function like a "retirement account for minors," allowing funds to grow tax-deferred until the child turns 18. Starting in 2026, parents can open these accounts to build long-term wealth, though they come with strict liquidity rules and specific tax implications upon withdrawal. 

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