There are several ways to save and invest for children andgrandchildren, but which option makes the most sense for your family? In this episode, Mike and Linnea compare five account types: taxable brokerage accounts, UTMA accounts, 529 plans, custodial Roth IRAs, and the new Trump Accounts.

They explore the differences in taxes, flexibility, contributionrules, and long-term growth potential, with a closer look at how Trump Accounts work and what families should consider when choosing the right savings strategy.

IMPORTANT UPDATE (October 2026): Trump Account Enrollment Has Changed

Since this video was recorded, the U.S. Treasury Departmentannounced that Trump Accounts have been automatically established for eligible children under age 18 with valid Social Security numbers.

Parents and guardians must still claim and activate theirchild's account to manage it and make contributions. To get started, visit https://trumpaccounts.gov and follow theinstructions to claim your child's account.

Children who are U.S. citizens born between January 1, 2025,and December 31, 2028, may also qualify for a one-time $1,000 federal contribution. This requires a separate election and is not automatically provided to every child. For the latest information, visit the official Trump Accounts website.

Resources:

• PDF from this episode, and steps to claim your child’s account, can be downloaded here: https://thedalagroup.com/downloadable-resources

• U.S. Treasury announcement, October 1, 2026 (Confirms automatic enrollment and the requirement to claim accounts): https://home.treasury.gov/news/press-releases/sb0642

• Official Trump Accounts claiming instructions (Explains how to claim accounts and the separate $1,000 election): https://trumpaccount.com/us/en/support/articles/claim-an-account/

• Claim form and IRS verification instructions (Explains how to submit and track a claim): https://trumpaccount.com/us/en/support/articles/form-4547/

🌐Website: ⁠https://thedalagroup.com/⁠

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Content is for educational purposes only and should not be considered personalized financial, tax, legal, or investment advice.