How many of you are opening a Trump account?

Trying to remember, whats the work around for kids not born this year? I remember seeing something to where you won't get the 1k seed from the govt, but you can backdoor it for older kids.

Mine won’t receive the free money so unsure on the value of it. Too many questions of tax treatment to prioritize it.

I'm looking at this for a relative and legit question, other than the free $1000 why would a 530A be a better option than a normal brokerage account?

Contributions to a 530A are after tax, and withdrawals will be treated as income, so what's the benefit over a brokerage? I guess a 18-19 year old with little to no income could do roth conversions up to the standard deduction, and basically get a free roth (or is that not how it works)?

Vs a brokerage, where withdrawals would be long term capital gains and potentially have no tax (if under the income limit).

To each their own. I think it depends on how you want to set your kids up for adulthood.


In theory, in the most extreme hypothetical— one could have a child born in 2026, kid receives the $1000 contribution and parents could max out the account every year at $5,000 annually. The kid turns 18 with a Traditional IRA balance somewhere in the ballpark of $200k.


For me, personally, if I can funnel $35k into a Roth IRA from their 529s then that will be a good enough start in saving for retirement…. a great head start in my opinion.