Joel O'Leary

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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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Motley Fool Hidden Gems Investing · Trump Accounts Are Live, But Are They the Best Choice? · 11 Jul 2026 podcast

So just like a traditional IRA, all the money in the account can grow.

You can change investments.

You can make changes.

You can even change brokers in a traditional IRA and you won't be taxed on any of those changes.

You will, however, be taxed as ordinary income when you pull out money or pull out those gains.

The original contributions are post-tax, so ideally you'll never pay tax on those contributions when you pull them out.

But the gains is really the big part because for an account that sits there for decades, it's probably going to be mostly gains by the end of it.

Yeah, pretty genius strategy, actually, because I wish I started my Roth IRA earlier.

And wouldn't it be cool if a vehicle was opened when you were born that you can convert to a Roth IRA early?

So yeah, I think actually that's probably one of the most powerful, uh, advantages.

This is a brand new account.

So the strategies haven't emerged, like you said, or these particular use cases.

But if I wanted to think about my kid when they turn 18, if they have a, a Trump account that has, let's say, you know, let's say it's grown to like 20, 30 grand, which is realistic.

They can when they turn 18 and within the first few years, whether they're at college or they have a job, they can make Roth conversions in small amount or a big Roth conversion.

And then that money sits and it can grow tax free for the next 40 years until retirement instead of tax deferred.

Roth IRAs are very flexible when it comes to withdrawals and things like that.

So yeah, absolutely.

I think that's a really powerful advantage.

Yeah, sure.

So the accounts are designed so that all the money inside is invested in broad, low-cost domestic index funds.

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