FoF: đź’°Trump Accounts: Free Money or Just Another IRA?
Welcome to the 9Innings Podcast where we Educate, Empower and Engage.
ON THIS WEEKS PODCAST: Trump Accounts have been pitched as a new way to help children build wealth, but what are they actually, and who benefits the most?
In this episode of Facts Over Feelings, Kevin Thompson breaks down what Trump Accounts are, what they aren't, and three major ways they differ from other IRAs. We discuss the $1,000 government contribution, taxes, investment restrictions, and why parents may want to compare these accounts to a 529 plan if education is the goal.
Are Trump Accounts a real wealth-building…
The skinny
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