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There's a brand-new savings account just for kids created by the One Big Beautiful Bill Act, and the media is already getting it wrong. It’s called the Trump Account, and it might just be the most misunderstood part of the new law. In this episode, Scott breaks down exactly what these accounts are, who qualifies, how contributions work, and the timelines parents and grandparents need to know.
Here’s what we cover in this episode:
🍼 Who qualifies for the $1,000 government deposit
💵 Annual limits, timelines, and contribution rules
📈 The compounding potential over a lifetime
🛠 How parents, grandparents, and employers can contribute
🔍 Key misconceptions the media is getting wrong
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📚🛠️ Check out Scott's book, Exceptional Retirement, and Retirement Toolkit
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