@socalminh: 💰 Trump Account or Custodial Roth IRA… which one would I choose? The answer depends on your family’s situation. If your child qualifies for the $1,000 government contribution (children born between January 1, 2025, and December 31, 2028), I’d absolutely take the free money. Free money is free money. But once a child has earned income, I’d personally lean toward a Custodial Roth IRA for several reasons: ✅ Higher annual contribution limit (subject to the child’s earned income) ✅ Investments can grow tax-free ✅ Qualified withdrawals in retirement are tax-free ✅ Contributions (not earnings) can generally be withdrawn without taxes or penalties, giving families more flexibility One of the biggest lessons I want Enzo to learn isn’t which account is “best.” It’s that starting early is what builds wealth. The sooner you invest, the more time compound growth has to work in your favor. This video is my personal opinion and educational only—not tax or investment advice. Every family’s situation is different, so talk with a qualified tax professional or financial advisor before making investment decisions. What would you choose for your child—a Trump Account or a Custodial Roth IRA? Let me know why in the comments. 👇 #PersonalFinance #InvestingForKids #RothIRA
socalminh
Region: US
Wednesday 01 July 2026 15:35:53 GMT
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deedee :
But can you start a Roth IRA on a minor with no job? With the Trump account you can start it with the child not having a job and then once they reach 18 can you then just convert it to a Roth IRA?
2026-07-08 02:13:54
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user9688373027636 :
Can I open a Roth IRA for a 4 year old
2026-07-01 20:23:20
4
jepe :
you can have both tho...
2026-07-01 20:09:59
13
darrillschoonove4 :
Which 3 ETFs?
2026-07-02 19:44:38
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username :
how do you open a roth IRA for a 2 year old? do you need proof they work?
2026-07-18 05:31:23
5
JJ :
When you open a Roth IRA do you invest every single time you deposit? And do you do it manually? Or do you invest just once after your first deposit?
2026-07-09 19:36:23
2
scooby doobie :
Such a crazy analogy. How many parents start saving for their kids the day they're born? Very very few, this gives kids something.
2026-07-01 20:21:47
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pao.0433 :
But why not have multiple sources of income?? I would do Roth IRA and Trump Accounts because you’ll have more money.
2026-07-17 12:29:42
2
D.A Photography :
I did the Trump account because it’s free money.
2026-07-14 19:34:07
5
Jamie Abbott :
Thanks for the advice
2026-07-04 10:38:24
2
Hotstepper Gen❌ :
I truly wish growing up I was more educated on finances. I hope this young man realizes the wealth of information that he's getting from. I assume his father
2026-07-01 21:17:40
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Just B :
NICEEEEE
2026-07-01 20:51:53
6
Gabriella :
Any guide for newbies?
2026-07-12 13:40:05
2
Seneca The Stoic Penguin :
Multifamily. Property only
2026-07-09 20:13:06
2
@EstebanR :
What are your 3etfs?
2026-07-07 14:36:55
4
Morningstar :
How do we open a Roth account?
2026-07-01 21:19:14
5
culturedbeauty1 :
Yesss - 👏👏👏
2026-07-01 15:57:13
8
Clayo :
Not needing earned income is a game changer though. From age 0-9 I'd say it's a fine account.
2026-07-01 15:42:27
8
Marine_11_USMC :
What about a Roth conversion at 18?
2026-07-05 19:33:40
4
autumn :
VOO, QQQM & VXUS? (Or VTI or SCHD)
2026-07-09 17:10:09
2
່ :
is s&p 500
2026-08-24 05:23:10
0
user79986954562536 :
lovely
2026-08-28 11:35:47
0
Tae Lin :
At 18 they can do a backdoor Roth conversion
2026-07-09 22:51:41
2
Kathy Hakuta Matata :
I would never put money into anything with that name. history showed that about 90% of things with that name on it/ attached to it goes bankrupt or was a scam. that name should be viewed as a warning sign to stay clear.
2026-07-04 02:57:03
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