Should I Set Up a Trump Account for My Kid? ($8.8 Million Mistake?)

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Is the "Trump Account" (High Yield Savings Account for Kids) a financial game-changer or a massive misstep? We break down how a $60K investment could theoretically grow into $8.8 MILLION and put it head-to-head with traditional 529 Plans & Roth IRAs. Discover the critical pros, cons, and potential pitfalls every parent and investor MUST know before setting up this account for their child! Don't make an $8.8 million mistake – watch now!

Read my article on Trump Accounts Here: https://matsorensen.com/trump-retirem...

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To get a comprehensive tax and legal plan get to my law firm KKOS Lawyers: https://kkoslawyers.com/schedule-an-a...

#TrumpAccount #FinancialPlanning #KidsSavings

00:00 - The $8.8 Million Compound Interest Math
02:12 - What is a Trump Account? (July 2026 Rules)
05:07 - The "Stacking" Strategy: Coverdell + Roth + Trump
13:52 - Why Trade Schools Change the Game
16:16 - The Business Owner Tax Deduction Hack
19:17 - The "Roth Conversion" Loophole Explained

Mat Sorensen is the Founder and CEO of Directed IRA & Directed Trust Company, an INC 500 company with over $2.5B in assets and 1,134% growth in the last three years. He leads one of the fastest-growing custodians for self-directed IRAs, helping investors deploy retirement dollars into real estate, private funds, and alternative assets. Mat is the author of The Self-Directed IRA Handbook, the industry’s most widely used guide with over 50,000 copies sold. He also holds advisory roles with KKOS Lawyers and Main Street Business Services and co-hosts two top-ranked podcasts for investors and entrepreneurs.

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Websites:
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https://matsorensen.com
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Disclaimer: This podcast is for educational purposes only and does not constitute financial, tax, or legal advice. Consult with a qualified professional before making any investment decisions.
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The Self-Directed IRA Handbook: https://shop.matsorensen.com/products...