The Federal Government May Owe Your Child $1,000 | Financial Advisor Explains
Did you know the federal government might already owe your child $1,000?
It's called a Trump account, and if you're a parent, grandparent, aunt, uncle, or employer looking to give a child a financial head start, you NEED to understand exactly how this works before you touch it.
In this episode, I break down the good, the bad, and the ugly on Trump accounts.
You’ll also learn:
- What a Trump account actually is (hint: it's NOT what the name makes it sound like) and who qualifies
- The good: free seed money, tax-deferred growth with no earned income required, and how multiple family members can…
The skinny
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