Invest for Your Kids: New Trump Accounts Now Available
“Compound interest over time is magic. And when you invest for a child, they have the longest possible time horizon.”
In this episode of the Sunlight Tax Podcast, I break down the new Trump Accounts, a custodial savings program for children introduced in 2026. I walk through who qualifies, how these accounts work, how to open one, contribution limits, and the tax rules you need to know.
I also explore the potential advantages and drawbacks of using a Trump Account as part of a long-term savings strategy, how it compares to other options for investing in a child's future, and what families should consider before contributing. Despite the name, these accounts are a good thing.
Also mentioned in today’s episode:
00:10 Introduction to Trump Accounts and Their Purpose
01:28 What is a Trump Account and Its Legislative Background
02:52 Eligibility, Bonus Contributions, and Funding Limits
04:15 How to Open a Trump Account and the Election Process
07:17 Investment Strategies and Allowed Assets in Trump Accounts
09:04 How to Use the Trump Accounts and Withdrawal Rules
11:48 Who Can Open a Trump Account and Additional Flexibility
14:56 Next Steps for Building Wealth
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Episode Links:
The Sunlight Tax Podcast EP159: My #1 Tip to Make Your Kid a Millionaire
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