Trump Accounts vs. Custodial Accounts: What Parents Should Actually Care About (EP.251)

You don't have time to sift through endless financial content. That's why I do it for you. Get exclusive downloads and my top 5 must-read articles in a quick, easy-to-digest email. Sign up for my newsletter.

----- 

Trump Accounts are getting a lot of attention as a new way to save for a child, but new does not always mean better. In this episode, I break down how Trump Accounts work, how they compare to custodial accounts and 529 plans, and what parents and grandparents should actually care about before opening one.

Listen now and learn:

► How Trump Accounts work and why they may be appealing to parents and grandparents

► Why tax deferral is not automatically better than a taxable custodial account

► How kiddie tax rules and gain harvesting can make custodial accounts more attractive than many people realize

► When a 529 plan, custodial account, or Trump Account may make the most sense based on the job the money needs to do

 

Visit www.TheLongTermInvestor.com for show notes, free resources, and a place to submit questions.

 

Disclosure: This content, which contains security-related opinions and/or information, is provided for informational purposes only and should not be relied upon in any manner as professional advice, or an endorsement of any practices, products or services. There can be no guarantees or assurances that the views expressed here will be applicable for any particular facts or circumstances, and should not be relied upon in any manner. You should consult your own advisers as to legal, business, tax, and other related matters concerning any investment.

The commentary in this "post" (including any related blog, podcasts, videos, and social media) reflects the personal opinions, viewpoints, and analyses of the Plancorp LLC employees providing such comments, and should not be regarded the views of Plancorp LLC. or its respective affiliates or as a description of advisory services provided by Plancorp LLC or performance returns of any Plancorp LLC client.

References to any securities or digital assets, or performance data, are for illustrative purposes only and do not constitute an investment recommendation or offer to provide investment advisory services. Charts and graphs provided within are for informational purposes solely and should not be relied upon when making any investment decision. Past performance is not indicative of future results. The content speaks only as of the date indicated. Any projections, estimates, forecasts, targets, prospects, and/or opinions expressed in these materials are subject to change without notice and may differ or be contrary to opinions expressed by others.

Please see disclosures here.