Robert Brokamp
speaker
4,580 appearances
41 recordings
3 series
first heard Oct 2025
last heard 3d ago
Robert Brokamp’s voice in public audio — every appearance, attributed to the second.
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recordings per month · last 12 monthsRecordings per month over the last 12 months — 41 in all, peaking in Sep 2026 with 5.
Appearances
So you get tax deferred growth, right?
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But it's not tax deductible, correct?
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Right.
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So as we read about Trump accounts, you start to see more evolving strategies, things that people recommend and what to do with them.
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And one of them has been to actually convert these accounts to Roth accounts at age 18.
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Yeah.
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And as you read about this strategy, you'll come across the pros and cons of it.
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First of all, most people in their late teens or early 20s are in low tax brackets.
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The conversion can be taxable, but ideally they're not paying a whole lot.
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That said, up until age 24, some kids will be subject to the kiddie tax.
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It's a little complicated, but that means some of that conversion might be taxed at the parent's
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tax bracket.
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And there's some question about how these conversions might affect financial aid eligibility in college.
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So like everything related to taxes, make sure you do your research before doing it.
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And then let's get to one other benefit of Trump accounts, or at least in your mind and in mine as well, in terms of the investment choices within the account.
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Yeah, so I'm a big believer in index funds.
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You know, when my wife and I opened brokerage accounts for our kids, we always started with a foundation of index funds.
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So I love this as the beginning.
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I think what we will see is more choices offered in terms of maybe an international index fund not available yet.
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In fact, the original law prohibited even cash being in the account.
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Showing 1221–1240 of 4,580 · page 62 of 229
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