In this episode of the Sunlight Tax Podcast, I explain the key differences between Trump Accounts and 529 Plans, two tax-advantaged savings options designed to help families invest in their children’s futures.

You’ll learn who qualifies for a Trump Account, how these new custodial investment accounts work, contribution limits, tax considerations, and how they compare to traditional 529 college savings plans. I also break down the advantages and drawbacks of each option, including flexibility, eligible uses, long-term growth potential, and strategies for maximizing tax-efficient wealth building.

Also mentioned in today’s episode:

00:00 Introduction to Trump Accounts and 529 Plans

02:00 What Are Trump Accounts? Eligibility and Benefits

04:50 Pros and Cons of Trump Accounts

09:07 Understanding 529 Plans and Their Benefits

13:01 Transferability and Investment Options in 529 Plans

17:58 Using 529 Funds for Education and Beyond

20:04 Comparing Purpose and Benefits of Both Vehicles

21:03 Final Tips and Strategic Considerations

If you enjoyed this episode, please rate, review and share it! Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.

Episode Links:

The Sunlight Tax Podcast EP159: My #1 Tip to Make Your Kid a Millionaire

Get my Tax Help on Substack

Get your FREE visual guide to tax deductions

Order my book: Taxes for Humans: Simplify Your Taxes and Change the World When You’re Self-Employed

In this episode of the Sunlight Tax Podcast, I break down the new Trump Accounts, a custodial savings program for children introduced in 2026. I walk through who qualifies, how these accounts work, how to open one, contribution limits, and the tax rules you need to know.

I also explore the potential advantages and drawbacks of using a Trump Account as part of a long-term savings strategy, how it compares to other options for investing in a child’s future, and what families should consider before contributing. Despite the name, these accounts are a good thing.

Also mentioned in today’s episode:

00:10 Introduction to Trump Accounts and Their Purpose

01:28 What is a Trump Account and Its Legislative Background

02:52 Eligibility, Bonus Contributions, and Funding Limits

04:15 How to Open a Trump Account and the Election Process

07:17 Investment Strategies and Allowed Assets in Trump Accounts

09:04 How to Use the Trump Accounts and Withdrawal Rules

11:48 Who Can Open a Trump Account and Additional Flexibility

14:56 Next Steps for Building Wealth

If you enjoyed this episode, please rate, review and share it! Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.

Episode Links:

The Sunlight Tax Podcast EP159: My #1 Tip to Make Your Kid a Millionaire

Get my Tax Help on Substack

Get your FREE visual guide to tax deductions

Order my book: Taxes for Humans: Simplify Your Taxes and Change the World When You’re Self-Employed

"It may not be what you want to hear, but it's better to know it before you sink an enormous amount of time and energy and then realize that that's only one third of the project."

In this episode of the Sunlight Tax Podcast, I break down the 7 stages of writing a nonfiction book and share what I’ve learned from my own publishing journey. From developing a compelling book proposal and securing a publishing deal to writing, editing, launching, and marketing your book, I walk through the key steps every aspiring author should understand.

We also explore how a nonfiction book can do more than share your ideas. It can help grow your business, establish your authority, attract new opportunities, and strengthen your personal brand. Whether you’re thinking about writing your first book or are already deep in the process, this episode offers practical insights into turning your expertise into a book that creates lasting impact.

Also mentioned in today’s episode:

04:56 Housekeeping and Personal Update

08:58 Differences Between Fiction and Nonfiction Publishing

10:52 The Importance of Marketing and Audience Engagement

14:59 Steps After Securing a Book Deal

18:11 Long-term Book Business Planning

19:07 Platform and Audience Building

22:03 Market Research and Audience Targeting

22:50 Financial Aspects of Writing a Book

29:09 Book Promotion and Publicity Tours

32:09 Motivations for Writing a Book

33:04 Creating a Meaningful and Impactful Book

35:00 Reader Engagement and Feedback

If you enjoyed this episode, please rate, review and share it! Every review makes a difference by telling Apple or Spotify to show the Sunlight Tax podcast to new audiences.

Episode Links:

Get my Tax Help on Substack

Get your FREE visual guide to tax deductions

Order my book: Taxes for Humans: Simplify Your Taxes and Change the World When You’re Self-Employed