From the archive: What are Trump Accounts? And how can you make the most of them?

Linda Garcia, Texas House Representative, author of Wealth Warrior: 8 Steps for Communities of Color to Conquer the Stock Market, and public speaker, is dedicated to empowering lower-income families and those without access to investing resources through financial literacy. Her podcast, Investies, tackles real-money topics, demystifies investing, and explores crucial areas like the stock market, money management, and the impact of interest rates on personal finances. Linda’s work advocates for financial independence and champions equity and representation for all. As a financial feminist, she encourages listeners to take control of their financial futures. Through her podcast and advocacy, Linda tackles the intersection of financial education, the economy, and geopolitics, helping lower-income communities build wealth and secure their place in today’s financial landscape.Linda unpacks Trump Accounts--stock market accounts for newly born American citizens. We're taking advantage of rare good policy from the Trump administration to help our kids build their own wealth and increase their financial literacy. We did a lot of research for today's episode. Here are our sources + helpful links: Wealth warrior the course for purchase at wealthwarriorcourse.teachable.com Official Resources• trumpaccounts.gov — Official portal & enrollment• irs.gov/trumpaccounts — IRS guidance & Form 4547• IRS Notice 2025-68 — Detailed regulatory guidanceKey Facts at a Glance• Launch date: July 5, 2026• Government seed: $1,000 (births 2025–2028)• Annual contribution cap: $5,000 (indexed to inflation from 2028)• Employer contribution cap: $2,500/year• Investment: Low-cost U.S. equity index funds, 0.10% expense cap• Withdrawals locked until age 18; then traditional IRA rules apply• No earned income requirement; no income cap for contributorsSources Referenced• Vanguard: “What to Know About the New Trump Accounts for Kids”• Charles Schwab: “The Ins and Outs of the New Trump Kids’ Accounts”• Fidelity: “What Are Trump Accounts and How Do You Open One?”• J.P. Morgan / Chase: “Trump Accounts: Should You Open One for Your Child?”• Center for Retirement Research at Boston College• NBC News, Washington Post, PBS News HourThere are so many ways to make the stock market work for you as you gain more experience as an investor. If you have questions about different kinds of investing, please reach out! You can find us on Patreon, and submit questions without getting a membership (but we appreciate it if you do decide to invest in our show!). We love speaking with our listeners. Happy investing and happy trading!Produced by Cosmic Standard & Linda Garciahttps://www.inluzwetrust.com/wealthwarriorbook Listen early and ad-free for $5/mo on Patreonhttps://www.patreon.com/Investies Learn more about your ad choices. Visit podcastchoices.com/adchoices