80. Why I'm NOT Recommending Trump Accounts and How To Save For Kids Instead

In this episode, I talk about why I am not recommending Trump Account contributions beyond any free money, and how to save for your kids instead.

‍

Key Timestamps:

• 00:00 Introduction and What Trump Accounts Are
• 03:56 Problem 1: Kiddie Tax
• 07:07 Problem 2: Inflexibility
• 08:44 Problem 3: State Taxes
• 10:24 How to Save for Kids
• 15:14 Summary and Wrap Up

Resources Mentioned:

• Trump Account Website to Open and Manage Accounts
• $250 Dell Foundation Contribtuon Zip Code Lookup

‍

More of Baskin Financial Planning:

Think you might be a good fit form my firm? ⁠⁠⁠⁠⁠⁠Join the waitlist here!

Questions or comments, drop me a note at: ⁠⁠erik@baskinfp.com⁠⁠

⁠⁠www.baskinfp.com/post/80

‍