Element Wealth Planning

10/10/2026

Here's where the two accounts part ways, starting with who's in control. Trump Accounts are opened for a child, and the money stays locked up until January 1 of the year they turn 18. After that, it works like a traditional individual retirement account. The IRS in 2026 clarified that family, friends, and employers can contribute up to $5,000 per child per year, with employers capped at $2,500 of that.

A 529 runs on different rules. There's no federal cap on yearly contributions, though each state sets its own lifetime limit. The IRS says that a parent can contribute up to $19,000 per year ($38,000 for a couple) without any gift tax paperwork. Money can be withdrawn at any time for qualified education costs, and the earnings are exempt from federal tax.

#529

10/08/2026

Something anyone will tell you about their family is that things are always changing. Marriages. Births. Transitions, such as your children growing up and starting their own lives. And some of those changes are more somber and require some reflection. No matter what’s happening in your family, these changes affect your estate planning. Not only do you need to do it for your family, you need to keep it updated for them, as well.

10/07/2026

October is Breast Cancer Awareness Month, a time to come together as a community and support those affected by this disease. Let's spread awareness, show compassion, and stand strong against breast cancer. 💗

10/07/2026

Trump Accounts and 529s keep coming up in the same conversation. Both put money aside for a child's future. The similarity ends there. One is designed for educational expenses, but the other is open-ended. College, a first home, retirement, or anything else.

#529

09/30/2026

Join us this Saturday at the annual Wings & Wheels Fall Festival, a Vintage Plane Fly-In and Car Show. Stop by and say hi to the team at our informational table.
Free Admission · Family Friendly · Craft & Food Vendors

SATURDAY OCTOBER 3RD · 10:00AM - 4:00PM
DELAWARE COASTAL AIRPORT · GEORGETOWN

09/29/2026

A huge thank you to Michelle with Mood Design Studio for making our porch look absolutely amazing for fall!

We love how she brought together all the pumpkins, greenery, flowers and beautiful fall colors. Every little detail is perfect and it completely transforms our office porch!

09/28/2026

09/25/2026

Our scarecrow is ready for the annual Georgetown Scarecrow Contest! This year, we wanted to create something that celebrates Delaware’s history and America’s 250th anniversary. ❤️🤍💙

We had so much fun bringing a little Delaware pride, history, and creativity together—and, of course, adding a touch of Element Wealth Planning along the way!

Keep an eye out for our scarecrow on S. Bedford Street if you’re in downtown Georgetown.

09/21/2026

☀️ As summer winds down, it's a great time to reflect, reset, and refocus.

Whether you're wrapping up vacations or gearing up for new goals, the transition into fall brings fresh opportunities.

Here's to finishing the year strong and embracing what's next!

🍂 What fall traditions are you looking forward to the most? List them below! 🍂