👶💰 Tax Bill Includes a $1,000 Baby Bonus in ‘Trump Accounts’ — Here’s Who Is Eligible
A new provision in President Trump’s tax bill is getting a lot of attention: a government-funded $1,000 savings account for children, now known as “Trump Accounts.”
But as with most things in tax policy, the details matter. In this interview, Dustin at Mundorf Wealth Management and Erin Kennedy break down:
- Who’s eligible — and how families actually receive the money
- Who can contribute and how much
- How these accounts are invested
- How distributions will be taxed
- When it makes sense to fund a Trump Account vs. a 529 plan or custodial account
If you’re a parent, grandparent, or loved one who wants to learn more about setting your child up for success, please call or text Dustin at 830-476-2505 or book a free chat by visiting www.LongLiveMyMoney.com.
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