What are the four new financial changes families and retirees should know about?

Several new programs and policy updates have quietly launched that could impact children, seniors, private school families, and retirees - but most people haven't heard the details yet.

Some involve compounding investment accounts for kids. Others affect IRA withdrawals after age 65. And a few provide direct education funding opportunities in Texas that families can apply for today.

In this episode of Retire in Texas, Darryl Lyons breaks down four recent financial changes, including the new Trump Accounts for children, the $6,000 senior deduction for retirees, the $1,700 education tax credit, and the Texas Education Freedom Account program.

He explains how compounding interest can potentially transform consistent contributions into meaningful long-term savings, why retirees must carefully manage IRA withdrawals to avoid losing deductions, and how families can apply for education-related credits and funding before application windows close.

You'll learn:

• How the new Trump Accounts work and what happens when a child turns 18.

• Why the senior deduction can be lost if IRA withdrawals aren't managed properly.

• How the $1,700 education tax credit functions and who can use it.

• What the Texas Education Freedom Account provides - including funding levels for private school, homeschool, and students with disabilities.

This episode isn't about politics - it's about understanding the rules and knowing how to apply them strategically within your own financial plan.

If you'd like to see how these changes affect your personal situation, visit PAXFinancialGroup.com and schedule a conversation with an advisor.

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Resources:

https://trumpaccounts.gov/

https://www.irs.gov/publications/p554

https://educationfreedom.texas.gov

https://www.edchoice.org/2025-congress-enacts-first-ever-federal-tax-credit-for-education-scholarships/