Trump Accounts: What Parents and Grandparents Need to Know

What are Trump Accounts, and could your child or grandchild qualify for a $1,000 federal contribution? Trump Accounts offer a new way to invest for the next generation. But how do they work, who is eligible, and how do they compare with other ways of saving and investing for a child's future? In this Hammond Iles Financial Power Hour webinar, Greg Hammond, CFP®, CPA explains the current rules, potential benefits, limitations, and financial planning considerations surrounding these new tax-advantaged investment accounts. In this webinar, you'll learn: • What Trump Accounts are and which children are eligible • How to claim and activate an account, including how eligible children can receive the $1,000 federal contribution • Who can contribute, including parents, grandparents, employers, and other sources • Contribution limits and investment restrictions during childhood • The power of starting early, with examples illustrating how investments could grow through compounding • Withdrawal rules, including when money becomes accessible and potential early-withdrawal penalties • How Trump Accounts are taxed, including how after-tax contributions establish basis and affect the taxable portion of withdrawals • Potential benefits and trade-offs to consider • Trump Accounts vs. 529 plans and UGMA/UTMA custodial accounts • What changes when a child becomes an adult and how Trump Accounts might fit into a family's broader financial plan Whether you're a parent, grandparent, or someone looking to help a young person build a stronger financial future, this presentation provides practical information to help you better understand this new investment option. Learn more about Hammond Iles Wealth Advisors: https://www.hiwealth.com Official Trump Account information: https://trumpaccounts.gov About this recording: Recorded on October 7, 2026. This presentation is for educational purposes only and reflects information available at the time of recording. Trump Account rules and implementation guidance may change. #TrumpAccounts #TrumpAccount #InvestingForKids #SavingForKids #FinancialPlanning #529Plan #Grandparents #PersonalFinance #InvestingForBeginners Hammond Iles Wealth Advisors is a Registered Investment Adviser. This content is not to be considered investment advice and is not to be relied upon as the basis for entering any transaction or advisory relationship or making any investment decision. Hammond Iles Wealth Advisors ("Hammond Iles") is a federally registered investment advisor with the Securities Exchange Commission (“SEC”). Registration with the SEC does not imply their approval or endorsement of any services provided by Hammond Iles. Hammond Iles does not provide tax or legal advice; consult your tax or legal professional regarding your personal situation. This content is based on the views of Hammond Iles and are subject to change. The concepts discussed are for educational purposes only. This content includes the opinions, beliefs, or viewpoints of Hammond Iles and should not be relied upon for entering any transaction, advisory relationship, or making any investment decision. Other organizations or persons may analyze investments and the approach to investing from a different perspective than that reflected in this content. Nothing included herein is intended to infer that the approach to investing discussed in this content will assure any particular investment results. All investments involve the risk of loss, including the loss of principal. The content includes data, graphs, charts, or other material reflecting the performance of a security, an index, an investment vehicle, a composite or other instrument over time. Past performance, and any performance reflected in Performance Material, is not an indication of future results.