📞✨ Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ 

New government-backed savings accounts for kids are coming, and on the surface, they sound like a win. The Trump Accounts promise $1,000 in free money for eligible newborns, long-term investing, and a potential financial head start. But once you look under the hood, important questions emerge. In this episode, Wade breaks down what we know so far, the pros and cons, and how these new accounts might fit — or not fit — into your family’s long-term strategy.

Here’s some of what we discuss in this episode:

💵 Free Money Window: $1,000 for eligible newborns

⚖️ Pros and Trade-Offs: Simple setup but tax implications

📊 Account Comparisons: 529s, Roths, and UTMAs

🏢 Private Sector Support: Employers and donors may contribute

Get in touch with Chessman Wealth: https://www.chessmanwealth.com/ 

The opinions voiced in The Money Knight podcast with Wade Chessman of Chessman Wealth Strategies are for general information only and are not intended to provide specific advice or recommendations for any individual. Past performance is no guarantee of future results. All indices are unmanaged and may not be invested into directly. Investing involves risk, including possible loss of principal. No strategy assures success or protects against loss. To determine what may be appropriate for you, consult with your attorney, accountant, financial or tax advisor prior to investing.

Investment advisory services offered through CWM, LLC, an Investment Advisor. Carson Partners, a division of CWM, LLC, is a nationwide partnership of advisors.