Are Trump Accounts Worth It? (And What's Actually Better)
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
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- 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
Connect with Andrew
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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.
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