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 months

Recordings per month over the last 12 months — 41 in all, peaking in Sep 2026 with 5.

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

So I just want to highlight that as another potential downside. matched

Yeah, I think the stats are from Fidelity that something like 40% of people, when they switch jobs, they cash out their 401 rather than transferring it to an IRA. matched

So just to support your point, there are a lot of people rating their accounts probably sooner than they should. matched

All right, Joel, give us your final verdict. matched

Who should consider Trump accounts and who should perhaps consider another type of account? matched

Well, I agree with a lot of what you said, and I love that you're doing tax gain harvesting. matched

It's not talked enough. matched

I think it's a way, basically, if you're at a certain low income level, your long-term capital gains are tax-free. matched

You have to manage it properly, but I love that you're doing that. matched

Yeah, since we're reaching the end here, I want to clarify some confusion there has been out there about the websites related to these accounts. matched

So the best source of government information is trumpaccounts.gov. matched

Now, if you want the web version of opening the app, it's trumpaccount.com, so singular. matched

Now, there are many sites that are coming up that are just providing education and information, such as trumpaccounts.com. matched

So that is not affiliated with the government. matched

So don't go there if you want to open your account, but it is run by the same folks who do savingforcollege.com, which is a great resource. matched

So I'm going to presume they're going to do some solid education about Trump accounts there, but just understand which site to go to when you want more information. matched

And I'll echo your recommendation that a 529, if your goal for the money is purely education, a 529 is the best way to do that because not only do you have more investment options, but the distributions are tax-free. matched

And as you kind of hinted at, if you don't use the money, there are other options such as rolling it over to a Roth IRA. matched

There are some requirements about that, but it can be done. matched

And since this is a Motley Fool audience, we know that there are people out there who are stock pickers. matched

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