Ines Zemelman

This article compares Trump Accounts to the traditional ways families have saved for children: regular savings accounts, UGMA/UTMA custodial accounts, and trusts. The question every parent asks I can already open a savings account in my child's name at any bank. I can set up a custodial account. I can create a trust.&nbs...

Previously in this series, Articles 1–5 covered filing urgency, account mechanics, tax treatment, age 18 transitions, and comparisons with 529 plans. Now we turn to flexibility. What happens if your plans change? Understanding your exit options is essential before making long-term commitments. ...

Previously in this series: Articles 1–2 covered why to act now and how Trump Accounts work mechanically. The tax treatment paradox Trump Accounts occupy an unusual middle ground in the tax-advantaged account landscape: ...

Previously in this series, Articles 1–3 covered filing urgency, account mechanics, and tax treatment. Now we turn to the most important transition point: what happens when your child turns 18. The big transition: What happens at age 18 January 1 of the year your child turns 18 marks a fundamental shif...

Previously in this series: Articles 1–4 covered filing urgency, mechanics, tax treatment, and withdrawal strategies. The big question: Which account should you choose? After four articles explaining Trump Accounts in depth, many families are ask...

Executive Order 14247 (signed March 25, 2025) directed the Treasury to stop issuing paper checks for federal disbursements (including IRS refunds) effective September 30, 2025, to the extent permitted by law. Treasury and the IRS began phasing out paper refund checks on September 30, 2025; as a result, the 2026 filing season (processing 2025 retu...