Should I Set Up a Trump Account for My Kid? ($8.8 Million Mistake?)

Open an Account Online: https://directedira.com/open-accounts... Or Book a Call with an IRA Specialist: https://directedira.com/appointment/?... Is the "Trump Account" (High Yield Savings Account for Kids) a financial game-changer or a massive misstep? We break down how a $60K investment could theoretically grow into $8.8 MILLION and put it head-to-head with traditional 529 Plans & Roth IRAs. Discover the critical pros, cons, and potential pitfalls every parent and investor MUST know before setting up this account for their child! Don't make an $8.8 million mistake – watch now! Read my article on Trump Accounts Here: https://matsorensen.com/trump-retirem... How I used my IRA to Buy THIS Rental Property •    • How I used my IRA to Buy THIS Rental Property   5 Roth IRA Benefits you didn't know about! •    • 5 Roth IRA Benefits you didn't know about!   How To Use The ‘Buy Borrow Die’ Strategy to BUILD Wealth And Pay ZERO Taxes •    • How To Use The ‘Buy Borrow Die’ Strategy t...   To get a comprehensive tax and legal plan get to my law firm KKOS Lawyers: https://kkoslawyers.com/schedule-an-a... #TrumpAccount #FinancialPlanning #KidsSavings 00:00 - The $8.8 Million Compound Interest Math 02:12 - What is a Trump Account? (July 2026 Rules) 05:07 - The "Stacking" Strategy: Coverdell + Roth + Trump 13:52 - Why Trade Schools Change the Game 16:16 - The Business Owner Tax Deduction Hack 19:17 - The "Roth Conversion" Loophole Explained Mat Sorensen is the Founder and CEO of Directed IRA & Directed Trust Company, an INC 500 company with over $2.5B in assets and 1,134% growth in the last three years. He leads one of the fastest-growing custodians for self-directed IRAs, helping investors deploy retirement dollars into real estate, private funds, and alternative assets. Mat is the author of The Self-Directed IRA Handbook, the industry’s most widely used guide with over 50,000 copies sold. He also holds advisory roles with KKOS Lawyers and Main Street Business Services and co-hosts two top-ranked podcasts for investors and entrepreneurs. ---- My Social Media: Instagram:   / matsorensen   Tik Tok:   / sorensenmat   Linked In:   / matsorensen   Facebook:   / mat.sorensen.1   ---- Websites: https://directedira.com/appointment https://kkoslawyers.com https://mainstreetbusiness.com https://matsorensen.com ---- Disclaimer: This podcast is for educational purposes only and does not constitute financial, tax, or legal advice. Consult with a qualified professional before making any investment decisions. ---- The Self-Directed IRA Handbook: https://shop.matsorensen.com/products...