EPISODE · May 7, 2026 · 18 MIN
What are "Trump Accounts"? Building Wealth for a New Generation
from The breakfastclub · host thebreakfastclub
Everything you need to know about the new "Trump Accounts," with Certified Financial Planner Practitioner Tom Kovach of Waddell & Reed in Dublin, Ohio. "Trump accounts" (Section 530‑A): eligible children born 1/1/2025–12/31/2028 receive a $1,000 federal seed deposit, families and employers can contribute, investments are limited to low‑cost index mutual funds/ETFs, and accounts convert to a traditional IRA at age 18. The episode covers contribution limits, investment rules, the July 4 launch, how to open an account at trumpaccounts.gov or via IRS Form 4547, and hypothetical growth examples that show the power of early compounding. Smart Money with Tom Kovach Thursdays at 7:30 am during the Breakfast Club with Mark Bingaman & Sherry Fisher on My 967, Classic Rock 95X and 93X.
What this episode covers
Everything you need to know about the new "Trump Accounts," with Certified Financial Planner Practitioner Tom Kovach of Waddell & Reed in Dublin, Ohio. "Trump accounts" (Section 530‑A): eligible children born 1/1/2025–12/31/2028 receive a $1,000 federal seed deposit, families and employers can contribute, investments are limited to low‑cost index mutual funds/ETFs, and accounts convert to a traditional IRA at age 18. The episode covers contribution limits, investment rules, the July 4 launch, how to open an account at trumpaccounts.gov or via IRS Form 4547, and hypothetical growth examples that show the power of early compounding. Smart Money with Tom Kovach Thursdays at 7:30 am during the Breakfast Club with Mark Bingaman & Sherry Fisher on My 967, Classic Rock 95X and 93X.
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What are "Trump Accounts"? Building Wealth for a New Generation
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