Episode Details

Last summer Congress created a brand new savings vehicle for minors called the “Trump Account” or 530A account. For families building generational wealth, the rules might not be what you'd expect. In the latest episode of our podcast It’s All Money, we're stacking it head-to-head against 529 accounts and the Custodial Roths to show you which one could win for your grandkids, your estate plan, and your tax bill.  Marketing Director Dano Weir and Managing Principal Daren Blonski examine: 

• The functional steps needed for your grandkids to potentially receive a one-time investment $1000 from the fed or $250 from the Dell Family. 

• Why gift tax, Roth conversions and state tax could cause headaches for high-net worth families with Trump Accounts. 

• The overall benefits of teaching investing to kids at an early age and potential downstream upside for their future in retirement. 

As with all our podcasts, we approach these real-life finance topics (that can cross in to politics) with practicality.  We assess the financial aspects and share our perspective on how they may or may not fit in a client’s life.  We hope you enjoy the episode. 

Book your Wealth Analysis right here: https://sonomawealthadvisors.com/book-your-wealth-analysis 

Full episode video on our YouTube channel

References: 
https://www.congress.gov/crs-product/R48910 
https://www.irs.gov/newsroom/treasury-irs-issue-guidance-on-trump-accounts-established-under-the-working-families-tax-cuts-notice-announces-upcoming-regulations 
https://www.federalregister.gov/documents/2026/03/09/2026-04533/trump-accounts 
https://uscode.house.gov/view.xhtml?req=granuleid:USC-prelim-title26-section530A&num=0&edition=prelim 
https://www.whitehouse.gov/wp-content/uploads/2025/03/Trump-Accounts-Give-the-Next-Generation-a-Jump-Start-on-Saving.pdf 
https://www.investor.gov/introduction-investing/investing-basics/investment-accounts/tax-advantaged-accounts/trump-accounts 
 
https://www.schwab.com/learn/story/trump-accounts 
https://corporate.vanguard.com/content/corporatesite/us/en/corp/articles/what-to-know-about-new-trump-accounts-for-kids.html 
https://www.fidelity.com/learning-center/personal-finance/trump-accounts-big-beautiful-bill 

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