A new type of savings account called a Trump Account was recently introduced for children under 18. Many parents are now asking how these accounts compare to 529 plans or custodial investment accounts.
📌 Topics covered:
- What Trump Accounts are and who qualifies
- The $1,000 starter contribution for children born 2025–2028
- Employer contributions of up to $2,500 per year
- How these accounts are taxed
- When they make sense in your financial plan
💡 Tip: If your child is eligible for the $1,000 contribution or your employer offers contributions, these accounts can be a helpful addition to your strategy.
✅ Watch this quick video to learn how they work.
Money Moves with Maggie” features Maggie Shipley, our next-gen advisor at Argent Bridge Advisors. This is a monthly series tailored for Maggie’s audience of millennial/Gen Z next-generation investors. Each video provides quick, actionable insights to help the viewer navigate and optimize finances. Please invite your friends and family to tune in for bite-sized financial tips and insights that seek to empower the next generation of investors when making strategic decisions about their money.
Get to know Maggie and improve your financial literacy in just 1 minute each month! Are you ready to take action or make a move that leads to your financial success? We are always available to answer your questions about this topic, or any other topic regarding your wealth planning.
You can reach out to Maggie (maggieshipley@argentbridge.com) directly to discuss!
Maggie Shipley
NextGen Advisor & Financial Analyst
