Trump Accounts are Coming - and You Need to be Ready

AICPA Personal Financial Planning (PFP) · AICPA & CIMA

February 6, 202620m 1s

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Show Notes

Trump Accounts are here, and they come with a mix of opportunity and complexity. In this episode, Cary Sinnett (PFP Podcast) and April Walker (Tax Odyssey) team up with Sebrina Ivey, CPA/PFS, to break down the key rules and planning implications CPA Financial Planners need to understand.

What's covered:

· What Trump Accounts are and how they differ from 529s, UTMA/UGMA, and ABLE accounts
· The contribution, investment, and trustee rules during the "growth period"
· Key decisions at age 18, and how estate and tax planning converge
· How to compare Trump Accounts with traditional irrevocable trusts
· Planning actions to consider before the tax-free window closes

If you're advising families, this is one account structure you can't afford to overlook.

AICPA Resources:

This episode is brought to you by the AICPA's Personal Financial Planning Section, the premier provider of information, tools, advocacy, and guidance for professionals who specialize in providing tax, estate, retirement, risk management and investment planning advice. Also, by the CPA/PFS credential program, which allows CPAs to demonstrate competence and confidence in providing these services to their clients. Visit us online to join our community, gain access to valuable member-only benefits or learn about our PFP certificate program.

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