September 23, 2025
The Big Beautiful Bill introduced a new savings option for children — IRAs for minors (nicknamed “Trump Accounts”) — beginning in 2025.Key details:
- Annual contribution limit of $5,000
- A $1,000 federal credit will be deposited for babies born between 2025–2028
- Tax-deferred growth similar to traditional retirement accounts
- Contributions can be made by parents, grandparents, or others on behalf of the child
This creates a powerful new way to support children’s long-term financial security and integrate wealth-building into family planning strategies.
If you have any questions, please feel free to reach out to our team!
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Let’s run the numbers and see how much you could be saving.
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