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In this episode, we explore the newly introduced Trump accounts designed for children under 18, discussing their structure, contribution limits, and tax implications in both the U.S. and Israel. Together with our special guests, Nadav Ellinson of Blue & White Finance and Shaked Persi of BDSK, the conversation delves into the transition from Trump accounts to traditional IRAs, investment strategies, and the importance of long-term financial planning for children’s futures. The guests share insights on maximizing contributions, understanding tax benefits, and comparing Trump accounts with other investment options, ultimately emphasizing the significance of setting clear financial goals for children’s savings. Chapters 00:00 Introduction to the Trump Accounts 01:02 Understanding the Basics of Trump Accounts 06:00 Contributions and Limitations of Trump Accounts 11:50 Transitioning from Trump Accounts to IRAs 18:02 Tax Implications in the US and Israel 23:47 Comparative Analysis of Tax Treatments 30:00 Final Thoughts on Trump Accounts and Their Impact 38:31 The Trump Account and Its Implications 41:17 Israeli Tax Perspective on Trump Accounts 42:05 Investment Potential of Trump Accounts 46:21 Long-Term Financial Planning for Children 48:00 Retirement Systems in Israel vs. the US 52:15 Goals Beyond Retirement Savings 55:58 Exit Strategies and Restrictions of Trump Accounts 01:01:12 Investment Allocation and Diversification Strategies 01:10:25 Final Thoughts on Financial Planning Subscribe to our podcast: • PSA Podcast: People, Stories, Accounting Let us know your comments and suggestions for more topics, and learn more about our firm at https://www.pstein.com