Should I Set Up a Trump Account for My Kid?
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Should I Set Up a Trump Account for My Kid?
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Read more about Trump Accounts Here: https://matsorensen.com/trump-retirement-accounts-explained/
If you have kids under age 18, this episode could change how you think about their financial future.
In this episode of the Directed IRA Podcast, Mat Sorensen and Mark J. Kohler dive deep into Trump accounts, a brand-new savings vehicle launching in 2026. Mat explains why he believes Trump accounts can be a powerful long-term wealth-building tool for kids, while Mark pushes back, arguing parents may be overlooking better options already available.
Together, they break down how Trump accounts work, who they are best suited for, and how they compare to Coverdell ESAs, kids Roth IRAs, and 529 plans. The conversation covers college planning, trade schools, retirement savings, Roth conversions, and how families can stack multiple strategies based on income and goals.
They also explain the biggest game changer of all: how Trump accounts convert into traditional IRAs at age 18 and can later be converted into Roth IRAs, potentially creating millions in tax-free retirement wealth for the next generation.
Whether you are a parent, grandparent, or business owner looking to give kids a financial head start, this episode lays out practical strategies, pros and cons, and real-world planning considerations to help you decide what makes sense for your family.
Chapters:
0:08 – Welcome And Topic Reveal
0:48 – Politics Aside: Use The Law
3:52 – What A Trump Account Is
6:20 – Control Limits And Fee Cautions
6:24 – College Needs vs Long-Term Wealth
9:10 – How Early Withdrawals Actually Work
12:02 – Parent Playbook: Stack The Accounts
18:56 – Pay Your Kids Through Business
21:07 – Rentals As A Small Business
22:06 – The Roth Conversion Strategy
24:20 – 529 To Roth: Sister Strategy
26:18 – Pro Rata Rules And Math
28:20 – The 8.8 Million Illustration
29:55 – Mindset, Access To Education, Closing
Directed IRA Homepage: https://directedira.com/
Directed IRA Explore (Linktree): https://linktr.ee/SelfDirectedIRA
Book a Call: https://directedira.com/appointment/
Other:
Mat Sorensen: https://matsorensen.com & https://linktr.ee/MatSorensen
KKOS: https://kkoslawyers.com
Main Street Business https://mainstreetbusiness.com