Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

mahatmakanejeeves

(70,696 posts)
Mon Mar 23, 2026, 07:57 PM Mar 23

The Hack That Turns Trump Accounts Into Multimillion-Dollar Tax-Free Nest Eggs

The Wall Street Journal
‪@wsj.com‬


The Trump accounts coming this summer let parents jump-start tax-advantaged retirement savings for a child at birth.

By the time the kids retire, they could end up with giant retirement accounts.

🔗 Read more: on.wsj.com/47Y70WP


4:55 PM · Mar 23, 2026

The Trump accounts coming this summer let parents jump-start tax-advantaged retirement savings for a child at birth.

By the time the kids retire, they could end up with giant retirement accounts.

🔗 Read more: on.wsj.com/47Y70WP

The Wall Street Journal (@wsj.com) 2026-03-23T20:55:04.372574Z


Personal Finance

The Hack That Turns Trump Accounts Into Multimillion-Dollar Tax-Free Nest Eggs

The real power play is to stuff these accounts and then convert them into Roth IRAs for long-term tax savings

By Ashlea Ebeling
March 23, 2026 12:00 pm ET

The Trump accounts coming this summer let parents jump-start tax-advantaged retirement savings for a child at birth.

By the time the kids retire, they could end up with giant retirement accounts. The real power play is for parents to contribute $5,000 a year for 18 years, then help them convert the account to a Roth IRA so that it can ultimately be accessed tax- and penalty-free.

{paywall}
1 replies = new reply since forum marked as read
Highlight: NoneDon't highlight anything 5 newestHighlight 5 most recent replies
The Hack That Turns Trump Accounts Into Multimillion-Dollar Tax-Free Nest Eggs (Original Post) mahatmakanejeeves Mar 23 OP
For working class parents markodochartaigh Mar 23 #1

markodochartaigh

(5,545 posts)
1. For working class parents
Mon Mar 23, 2026, 08:01 PM
Mar 23

who have difficulty coming up with $5,000 a year for each of their children, maybe these parents could dip into their own trust funds.

/$

Kick in to the DU tip jar?

This week we're running a special pop-up mini fund drive. From Monday through Friday we're going ad-free for all registered members, and we're asking you to kick in to the DU tip jar to support the site and keep us financially healthy.

As a bonus, making a contribution will allow you to leave kudos for another DU member, and at the end of the week we'll recognize the DUers who you think make this community great.

Tell me more...

Latest Discussions»Culture Forums»Personal Finance and Investing»The Hack That Turns Trump...