Set up a 530-A account today and give every child a million-dollar retirement head start.
Based on: What A Tax Attorney Wants Every Parent To Know About Trump Accounts by Toby Mathis Esq | Tax Planning & Asset Protection
What if your newborn could retire with over a million dollars — and all you had to do was open one account? That question stopped a lot of parents in their tracks when Toby Mathis, Esq. and tax attorney Savannah Wallace broke down the new Trump Accounts (officially called 530-A accounts) created under the One Big Beautiful Bill. If you have a child under 18 and you haven't heard about this yet, you're already behind — and that gap is costing your family real money every single month you wait.
Here's the problem most parents face: tax law is complicated, and by the time most families hear about a new account type, the window to maximize it has already started closing. The federal government is seeding accounts for children born between 2025 and 2028 with $1,000 in free money — no strings attached, no tax credit to chase. Low-income areas may qualify for an additional $250 from the Dell Foundation. On top of that, employers can contribute $2,500 per employee as a fully deductible business expense. If you own a business and you have kids, you're leaving thousands of dollars on the table right now.
Imagine your child turning 18 with up to $179,000 waiting in an account — money that can then be converted into a Roth IRA, left to compound, and potentially grow to $1.6 million by retirement. No earned income required. No complex eligibility hoops. Friends, grandparents, aunts, uncles — anyone can contribute up to the $5,000 annual limit. And if you play it right with a Roth conversion strategy when your child is in the lowest tax bracket of their life, you could set them up for complete financial freedom.
Toby Mathis is a tax attorney and one of the most trusted voices in tax planning and asset protection, with thousands of hours of content helping real families keep more of what they earn. His breakdown alongside Savannah Wallace is the clearest, most practical explanation of Trump Accounts available — and this checklist turns every insight from that conversation into a step-by-step action plan you can start using today.
This checklist walks you through exactly how to open a 530-A account, claim the government seed money, set up employer contributions through your business, track contribution basis correctly, and execute a Roth conversion strategy when the time comes. Every step is pulled directly from the video so nothing gets missed. Open the checklist, follow the steps, and give your child the financial head start they deserve.
Every checklist item comes with actionable notes to guide you — things like "Don't forget to do this before you start," "Avoid this common mistake," or "Set a reminder for 30 days out." Nothing vague, just clear next steps.
+ 15 more action items inside...
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