loader from loading.io

Give Your Child or Grandchild A Head Start On Retirement With a Trump Account, #314

Retire With Ryan

Release Date: 07/14/2026

3 Ways To Make The Most of Your Restricted Stock Units, #317 show art 3 Ways To Make The Most of Your Restricted Stock Units, #317

Retire With Ryan

On the show this week, I answer a listener question about restricted stock units, or RSUs—what they are, how they're taxed, and the best strategies for managing them as they vest. I'll take an in-depth look at different types of vesting schedules, tax implications, and the practical choices you have when your RSUs become available. This episode is all about giving you clear guidance to help you make informed decisions about RSUs and making sure your retirement strategy is on the right financial track.   You will want to hear this episode if you are interested in... 00:00 Explanation of...

info_outline Accessing Your 401k Early With The Rule of 55, #316 show art Accessing Your 401k Early With The Rule of 55, #316

Retire With Ryan

For many Americans, the idea of retiring before age 59 and a half often seems out of reach, particularly when the bulk of their savings sits in an employer-sponsored 401(k) or 403(b) plan. Traditionally, the tax code penalizes early withdrawals from these accounts. However, the Rule of 55 could open the door to a more flexible, penalty-free early retirement. On this episode, I’ll share more about this IRS provision, who qualifies, how to use it wisely, and potential hazards to avoid.   You will want to hear this episode if you are interested in... [00:00] Overview of the Rule of 55 and...

info_outline How To Avoid Taxes On The Sale Of Your Primary Residence, #315 show art How To Avoid Taxes On The Sale Of Your Primary Residence, #315

Retire With Ryan

For many retirees, their home isn't just a place of comfort, it’s one of the largest assets on their balance sheet. However, beyond the emotional value and the years of accumulated equity, there's an often-overlooked reality: selling your primary residence can bring an unexpected tax bill. If you’re contemplating a sale or want to ensure you’re planning wisely, understanding the IRS’s primary residence capital gains exclusion is essential. On the show this week, I break down what this exclusion means, who qualifies, how to maximize its benefits, and the critical planning steps to avoid...

info_outline Give Your Child or Grandchild A Head Start On Retirement With a Trump Account, #314 show art Give Your Child or Grandchild A Head Start On Retirement With a Trump Account, #314

Retire With Ryan

On July 4, 2026, a groundbreaking opportunity opened for parents and guardians aiming to give their children a head start on their financial journey: Trump Accounts. Created as part of the OBBA Tax Act (“One Big Beautiful Bill” Tax Act) of 2025, these tax-advantaged investment vehicles provide a unique way to grow wealth for minors. In this episode, I break down what Trump Accounts are, who’s eligible for generous bonuses, how to get started, and how they compare to other common savings options like 529 plans.   You will want to hear this episode if you are interested in... [00:00]...

info_outline Avoid These 7 Scenarios to Keep Your Medicare Premiums Lower In Retirement, #313 show art Avoid These 7 Scenarios to Keep Your Medicare Premiums Lower In Retirement, #313

Retire With Ryan

Medicare brings peace of mind to millions of retirees, but for those with higher incomes, there’s an added layer of complexity called IRMAA—the Income Related Monthly Adjustment Amount. If your modified adjusted gross income (MAGI) crosses certain thresholds, you may end up paying substantially more for your Medicare Part B and Part D coverage. In this article, we break down how IRMAA works, outline common scenarios that may unexpectedly raise your premiums, and offer actionable strategies to help you avoid unnecessary costs during your retirement years.   You will want to hear this...

info_outline Do Actively Managed Funds Perform Better Than Index Funds In Volatile Markets? #312 show art Do Actively Managed Funds Perform Better Than Index Funds In Volatile Markets? #312

Retire With Ryan

When it comes to planning for retirement, one of the most commonly faced decisions is how to invest for long-term growth and stability. In turbulent times, market volatility often generates renewed debate on whether index funds, or their actively managed counterparts, offer the better path for accumulating wealth. On this episode of the show, I’m unpacking what index funds are, how they stack up against actively managed funds, and what the latest data reveals about performance during both quiet and volatile markets.   You will want to hear this episode if you are interested in... ...

info_outline Is Your Money Safe With Schwab or Fidelity? #311 show art Is Your Money Safe With Schwab or Fidelity? #311

Retire With Ryan

This week, I’m tackling a question that’s on the minds of many investors: How safe is your money with major brokerage firms like Fidelity and Charles Schwab? In light of recent high-profile bank collapses and widespread concerns about financial security, I discuss how banks and brokerage firms operate differently, what protections exist for your investments, and what would happen if a major brokerage firm were to collapse. Whether you’re considering how best to safeguard your assets or wondering about the real risks of brokerage failures, this episode will provide the clarity and peace...

info_outline How To Make Your Brokerage Account Work Like A Roth IRA, #310 show art How To Make Your Brokerage Account Work Like A Roth IRA, #310

Retire With Ryan

When it comes to planning for retirement, Roth IRAs have gained widespread attention for their tax-advantaged status and the promise of tax-free withdrawals in retirement. Financial experts, YouTubers, and podcasters have been touting the benefits of contributing to or converting assets into Roth accounts for years. But an often-overlooked vehicle could empower you to manage your investments just as efficiently: the humble taxable brokerage account. Surprisingly, with the right strategy, you can even pay 0% capital gains tax, mirroring one of the biggest appeals of a Roth.    You...

info_outline 5 Reasons To Not Invest Your Retirement Savings In Variable Annuities, #309 show art 5 Reasons To Not Invest Your Retirement Savings In Variable Annuities, #309

Retire With Ryan

Variable annuities are often promoted as a secure way to generate guaranteed income during retirement, drawing the attention of retirees seeking stability for their nest eggs. But beneath the surface, these products frequently come with complications and costs that can erode your savings and limit your financial flexibility. In this episode, I share the details of the often-overlooked downsides of variable annuities and give you some important insights every investor should consider.   You will want to hear this episode if you are interested in... [03:14] What is a Variable Annuity?...

info_outline Avoid These 4 Scams To Protect Your Retirement Savings, #308 show art Avoid These 4 Scams To Protect Your Retirement Savings, #308

Retire With Ryan

This week, we tackle the alarming rise in financial scams targeting retirees and their hard-earned savings. With insights straight from the FBI and real-world examples of scam attempts, I break down the key tactics used by fraudsters and reveal the subtle ways they can gain access to your retirement accounts. From sophisticated account takeovers to fake invoice emails, you'll learn the warning signs to watch for—and, most importantly, practical strategies to protect yourself and your financial future.    You will want to hear this episode if you are interested in... [00:00] How...

info_outline
 
More Episodes

On July 4, 2026, a groundbreaking opportunity opened for parents and guardians aiming to give their children a head start on their financial journey: Trump Accounts. Created as part of the OBBA Tax Act (“One Big Beautiful Bill” Tax Act) of 2025, these tax-advantaged investment vehicles provide a unique way to grow wealth for minors. In this episode, I break down what Trump Accounts are, who’s eligible for generous bonuses, how to get started, and how they compare to other common savings options like 529 plans.

 

You will want to hear this episode if you are interested in...

  • [00:00] Understanding Trump accounts for children
  • [04:22] What are the baby bonus qualifications?
  • [09:04] Opening a Trump investment account
  • [11:37] Comparing Trump accounts to 529 plans
  • [16:07] Converting IRA for tax-free growth
  • [17:15] Benefits of Trump accounts 

 

Unlocking the Potential of Trump Accounts

Trump Accounts are designed for children under 18 who have a valid Social Security number. Funded with after-tax dollars, these accounts work similarly to retirement accounts, with investments inside the account compounding tax-deferred. That means any dividends, interest, or capital gains grow without being taxed until withdrawal—effectively turbocharging your child’s investment returns.

Once the child turns 18, the account automatically converts to an IRA in their name. Withdrawals are then subject to traditional IRA distribution rules: generally, penalty-free access begins at 59½, although exceptions exist, such as those for first-time homebuyers or qualified education expenses.

 

Who’s Eligible for Bonuses?

One of the biggest draws of Trump Accounts is the potential for substantial bonus contributions.

 

  • $1,000 Federal Bonus: Children born between January 1, 2025, and December 31, 2028, automatically qualify for a $1,000 government deposit. This eligibility is irrespective of parental or child income, provided the child is a US citizen with a valid Social Security number.

 

  • $250 Dell Foundation Grant: For children born before 2025 who are under 10 years old, the Michael and Susan Dell Foundation offers a $250 grant. Eligibility extends to those living in zip codes where the median household income falls below $150,000. 



Trump Accounts vs. 529 College Savings Plans

Given the array of college savings vehicles available, how do Trump Accounts stack up to the well-established 529 plan? Here’s a quick comparison:

529 Plans: Designed specifically for education expenses, 529 plans offer tax-deferred growth and tax-free withdrawals for qualified expenses. They also allow conversion of up to $35,000 to a Roth IRA under certain conditions if the funds are unused for education costs.

Trump Accounts: More flexible since, after age 18, the funds move to an IRA in the beneficiary’s name. While distributions for education from a Trump Account IRA are taxed as ordinary income (with penalties waived for qualifying expenses), the account’s chief power is in supercharging long-term retirement savings for the child.



Should You Open a Trump Account?

If your child or grandchild qualifies for the $1,000 or $250 bonuses, opening an account is almost a no-brainer. For others, the decision will come down to your savings goals. Trump Accounts offer unmatched momentum for retirement savings, while 529s are still preferred for pure college saving. The earlier you start, the greater the rewards of compounding. 

 

Resources Mentioned

 

 

Connect With Morrissey Wealth Management 

www.MorrisseyWealthManagement.com/contact



Subscribe to Retire With Ryan