E295: What Is a Trump Account? A Parent's Guide to the New Savings Vehicle for Kids cover art

E295: What Is a Trump Account? A Parent's Guide to the New Savings Vehicle for Kids

E295: What Is a Trump Account? A Parent's Guide to the New Savings Vehicle for Kids

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 If you have a child or grandchild born in 2025, 2026, 2027, or 2028, there is a new savings tool worth knowing about. Trump accounts, created under the One Big Beautiful Bill and governed by new Internal Revenue Code Section 530A, are tax-advantaged accounts designed to give children a financial head start before they reach adulthood. Here is what you need to know.
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