Show Notes
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
Start Here
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Resource/s Mentioned
Master Money Blueprint https://mastermoneyresources.com/master-your-money-blueprint
Watch Next
The Retirement Mistake 80% of Investors Make (with Vanguard's Lead Researcher) https://youtu.be/37zVUL0e2TE
How Much More Expensive Has Life ACTUALLY Become Since 2020? https://youtu.be/_n8qUA3NsoI
Chasing a Higher Savings Rate, Semi-Retiring in Our 40s & Rebuilding After Bankruptcy (Money Q&A) https://youtu.be/OobdeA8qYbA
The Best and Worst Frugal Habits (Ranked!) https://youtu.be/_FKJfAjTi-I
She Hit Rock Bottom and Still Built a Six-Figure Life. Here's How. (With Rebecca Whitman) https://youtu.be/wBACCFI2w5s
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Question for you:
What is your plan for building wealth for your kids right now? Drop it in the comments and tell us if Trump accounts could be part of that plan. Learn more about your ad choices. Visit megaphone.fm/adchoices
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