Overview

This program provides a practical overview of Trump Accounts, a new and evolving type of IRA for eligible children, created under OBBBA. It incorporates updates from official guidance and takes a comprehensive look at account establishment, contribution rules, and tax treatment. It explains the distinction between the account under IRC § 530A and the pilot contribution program under IRC § 6434, along with employer contributions, salary-reduction arrangements, and coordination across multiple funding sources. The program will also highlight key provisions from provider documents and procedures, cover investment limitations, distribution rules, and the transition to post-growth-period IRA rules beginning January 1 of the year the beneficiary turns 18. It addresses planning considerations and compliance risks, while distinguishing proposed rules from existing requirements.

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Learning Objectives