About this episode

Mikey Taylor and Michael discuss the new $1,000 Trump Account for eligible children and its potential impact on future savings.

The government is proposing a $1,000 contribution into an investment account for eligible children born between 2025 and 2028. Many parents may overlook it because of one thing: the name.In this episode, Mikey Taylor and Michael break down what the new "Trump Account" is, how it is designed to work, and the questions families may want to consider when evaluating it. They walk through the math behind hypothetical growth scenarios, including how $1,000 could potentially grow to roughly $81,000 by retirement under certain assumptions, how maximum contributions could affect account value over time, and the key considerations surrounding the program.What we cover: • The free $1,000 seed and who qualifies • How the account is built (and the penalty rules at 18) • Trump Account vs. a 529 plan • Who can contribute — parents, grandparents, even employers • The math: $1,000 today vs. millions at retirement • What happens if the rules change laterIf you've got kids or you know someone who doesn't, don't be the one left out.This content is for informational purposes only, is not offered as investment advice and should not be deemed as investment advice, and reflects the opinions…

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