Joel O'Leary

speaker

227 appearances 1 recordings 1 series first heard Jul 2026 last heard 11 Jul

Joel O'Leary’s voice in public audio — every appearance, attributed to the second.

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Recordings per month over the last 12 months — 1 in all, peaking in Jul 2026 with 1.

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I am, I mean, I don't want to get into the weeds, but doing some small amounts of tax gain harvesting within their accounts.

So the tax burden will be less later.

So that's an option for me.

And obviously my plan is to teach my kids about money so that when they do have access to the account, they're not going to just go blow it off.

So yeah, those are the other options that I'd consider.

I do say that if you can see a path to doing rush conversions for your kid, that's probably, like we discussed, a very powerful strategy.

And so a Trump account might make sense for you if you don't have any other vehicle for them.

I will say that it could be a good place to accept family contributions.

And this is a situation I've come across.

An auntie will come in and say, hey, I want to give money to your kid, but I don't want them to spend it.

I don't want them to have access on their 18.

I want to spend it right away.

I want this to be for their retirement.

I don't want it to be tied to a goal of getting a car or a house or whatever.

Like I literally struggle with retirement.

I want them to not struggle.

So here.

So a Trump account could be cool for just accepting, you know, family gifts.

And yeah, so.

Whether it makes sense, it really depends on your situation.

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