Episode
529, Roth, or Trump Account? What Shop Owners Actually Need to Know [E225]
- Podcast
- Business By The Numbers
- Published
- Jun 4, 2026
- Duration seconds
- 1553
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Summary
Thanks to our partners Promotive, WickedFile, Maverick Shop Owners, and Overdryve What if the government — and a few well-known billionaires — were offering to deposit cash directly into an account for your child or grandchild, no strings attached, starting July 4th? Would you sign up? In this solo episode, Hunt Demarest, CPA at Paar Melis & Associates, breaks down everything currently known about the newly announced Trump Accounts — officially called 530A plans — before they go live. Hunt cuts through the political noise to answer the only question that matters for shop owners and their families: is this worth your time, and how do you get your share of the free money on the table? From the $1,000 Treasury Department seed deposit for children born between 2025 and 2028, to the $250 Dell family contribution available in qualifying zip codes, to how self-employed shop owners can structure employer contributions for a legitimate tax deduction — Hunt walks through what we know, what's still uncertain, and how these accounts stack up against the 529 plans and Roth IRAs you're probably already using. Whether you're a shop owner with young kids, a grandparent looking for a smarter savings vehicle, or a business owner thinking about a new fringe benefit for your team — this episode is essential listening. What You'll Learn... (03:05) What a Trump Account actually is — and why the 530A plan isn't as new as it sounds (06:02) The $1,000 government seed deposit — who qualifies and why Hunt says everyone eligible should sign up immediately (09:07) Contribution limits, employer deductions, and the fringe benefit opportunity for your employees (10:14) Withdrawal rules — why the money is locked until the child turns 18, and what it can be spent on (11:15) Using a Trump Account to…