New Trump Accounts Are Coming – Here’s How They Work

A new type of government-backed savings account for children, commonly referred to as a Trump Account, is set to launch in 2026, and it’s already drawing attention from parents and grandparents alike.
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Here’s what we cover in this episode:

👶 Who Qualifies for a Trump Account

📅 Enrollment & Launch Timeline

💰 Contribution Limits & Who Can Fund It

📈 Investment & Growth Structure

🧾 Taxes, Withdrawals & Qualified Uses

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A new type of government-backed savings account for children, commonly referred to as a Trump Account, is set to launch in 2026, and it’s already drawing attention from parents and grandparents alike. The details are still being finalized but Tyler Moison, CFP® joins the show to walk through what we know so far, how these accounts work, and what questions still need to be answered.

While this new program doesn’t replace thoughtful planning, it may become a valuable tool for families looking to build financial momentum for the next generation.

Dive Into This Episode:

0:00 – Intro

1:27 – Launch Date

3:35 – Who is eligible?

4:59 – Ownership and control

6:26 – Contributions

8:32 – Investments

9:39 – Taxes

10:48 – Withdrawals

12:46 – Final thoughts

 

Additional Resources:

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📰 Read our latest articles on Kiplinger HERE

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ABOUT YOUR HOST...

Scott Dougan founded Elevated Retirement Group in 2003 in order to fill a niche he felt was not being addressed properly in the retirement planning environment – helping retirees and pre-retirees in the Kansas City metro area find answers to issues that may affect the quality of life during their retirement.

Scott is a Registered Financial Consultant (RFC) and holds a Series 65 Investment Adviser Representative license, which holds him to the fiduciary standard. He also holds insurance licenses in Kansas, Missouri and other states.

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