The $1,000 federal starter deposit has generated plenty of headlines, but that’s only one part of the story. Before opening a Trump Account for your child or grandchild, it’s important to understand who qualifies, how contributions work, how the account is taxed, when a Roth IRA conversion may make sense, and how it compares with […]
Six Things Families Should Know About Trump Accounts Read More »
The One Big Beautiful Bill Act introduced a new savings plan that can help build savings for children’s college and other expenses. But, how do the new Trump Accounts compare to existing 529 plans and Roth IRAs? Our expert outlines the details. President Donald Trump’s One Big Beautiful Bill Act (OBBBA) introduces a new savings vehicle for
Trump Accounts vs. 529 Plans and Roth IRAs: What’s Best for Your Child? Read More »
The One Big Beautiful Bill Act creates a new savings vehicle for families with children born before 2028. The new ‘Trump Accounts’ offer an opportunity for many families to save money for some of their children’s future expenses. But they also carry complications and should be considered carefully. The 2025 One Big Beautiful Bill Act (OBBA) introduced
What Are Trump Accounts and How Do They Work? Read More »