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Are Trump Accounts Worth It? (And What's Actually Better)

Episode 546 Published 1 month, 1 week ago
Description

The government just created a brand new account that hands your kid $1,000 in free money from birth. Here is everything you need to know before you miss the window.


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What You'll Learn in This Episode


  • What Trump accounts actually are and why they work like a traditional IRA in a costume
  • Who qualifies for the $1,000 government seed and the $250 Dell gift and how to claim both
  • The $5,000 annual contribution limit and the business owner loophole most people do not know about
  • The tax catch that catches most parents off guard and how to plan around it
  • The Roth conversion window that could get your kids millions in completely tax-free retirement money
  • When a custodial Roth or 529 is actually the better move than a Trump account
  • The exact steps to open one today and what Andrew is personally doing for his own three kids


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