Ep 60: Trump Accounts: US Expats And Visa Holders?

Trump Accounts. You are a foreign national on a work visa in the U.S., or you're a U.S. expat outside the U.S. Can you use the Trump account?

We discuss the newly introduced Trump accounts, designed to provide financial support for children born after December 2024. We explore the account's features, including the initial government contribution, investment options, and withdrawal restrictions.

We also compare them to other investment vehicles, address potential concerns, and highlight the importance of understanding the implications for financial aid and long-term planning, especially when you are here on a non-immigrant visa.

Chapters

• 00:00 Introduction to Trump Accounts
• 02:47 Understanding the Basics of Trump Accounts
• 06:03 Investment Options and Restrictions
• 08:57 Distribution Rules and College Savings
• 12:13 Comparing Trump Accounts with Other Investment Options
• 15:07 Attractions and Concerns of Trump Accounts
• 18:04 Final Thoughts and Conclusion

Episode Links and Resources

• Ep 20: What Is English For "Custodial Accounts?
• Ep 17: Busting College Funding Myths For First Gen Kids
• Trump Accounts Give The Next Gen A Jump Start

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The speakers' views and opinions discussed in this episode should not be considered financial, tax, or legal advice. Consult your advisor for any legal, cross-border tax, and financial advice.