About this episode

This episode breaks down the new Trump Account for Orthodox Jews, discussing its benefits, qualifications, and comparisons to other investment options.

A new government investment account is making headlines. Some people are calling it one of the biggest opportunities ever offered to parents. Others think it's being oversold. So what's actually true? In this episode, we break down the new Trump Account from top to bottom. Who qualifies, how the $1,000 government contribution works, whether it's really "free money," the tax implications, the downsides almost nobody is talking about, and whether this should be your first choice over a 529 plan or Roth IRA - don't worry I explain what those are. If you have children, grandchildren, or hope to one day, this is an episode you'll want to understand before making any decisions. Listen closely and enjoy. 👉 ✬ SPONSORS OF EPISODE 116 ✬ ► COLEL CHABAD – Supporting families across Israel with food, emergency assistance, and critical financial help. For over 200 years, Colel Chabad has helped people through some of the hardest moments of their lives. Visit https://ColelChabad.org/KosherMoney ► SHMUEL SHAYOWITZ – Sure, Shmuel is fantastic when it comes to mortgages and refinancing, but there's a lot more to Shmuel than meets the eye. People come to him to inquire about everything…

People in this episode

Host: Living Lchaim

Topics covered

• government investment accounts
• financial planning
• tax implications
• 529 plans
• Roth IRA
• opportunities for parents

Keywords

• Trump Account
• government contribution
• free money
• tax implications
• 529 plan
• Roth IRA
• financial help

Sponsors

Colel Chabad, Shmuel Shayowitz, BF DESIGN

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