Trump Accounts Are Now Open: What Do I Need to Know?

#NotJustNumbers #FinancialPlanning #FamilyFinance #CollegeSavings  Trump Accounts Are Now Open: What Do I Need to Know?   In this episode of Not Just Numbers, Mike and Madison discuss the new Trump Accounts and what families should understand before opening or funding one. They cover who may qualify for the federal $1,000 seed contribution, how the accounts work, contribution limits, employer and grandparent contributions, investment restrictions, tax treatment, recordkeeping concerns, and how Trump Accounts compare with 529 plans. Mike also explains why state tax rules matter, why families should keep careful records from the beginning, and how these accounts may fit into a broader financial plan for children and grandchildren. Whether you have a newborn who may qualify for the federal contribution or an older child who could still use the account, this conversation highlights the key details to consider before taking action.   Find Us On Subscribe | @Yardleywealth Apple Podcasts | https://apple.co/3HI33IJ Spotify | https://spoti.fi/3LzLkEx Facebook |   / yardleywealthmanagement   Instagram |   / yardleywealth   X |   / michaeljgarry   LinkedIn |   / yardley-wealth-management-llc   Website | https://yardleywealth.net Website | https://yardleyestate.net Website | https://notjustnumberspodcast.com TIMESTAMPS 00:08 – 01:54 - Introduction 01:55 – 04:36 - The $1,000 Federal Seed – Who Gets It and How 04:37 – 07:14 - How Contributions Work 07:15 - 10:58 - How the Money Grows 10:59 – 13:37 - The Things People Don’t Expect 13:38 – 16:01 - Trump Account vs. 529 16:02 – 16:54 - Closing