Travis Wealth Management

Travis Wealth Management Invested In Your Prosperity® Goals-based and holistic financial planning services

The two accounts aren't connected, and funds can't transfer between them, according to a 2026 update from Brightstart.co...
10/04/2026

The two accounts aren't connected, and funds can't transfer between them, according to a 2026 update from Brightstart.com.

That makes things simpler for a lot of families. It's rarely a true either-or decision. Many households end up using both accounts, each one doing its own job. If you're weighing how Trump Accounts and a 529 might fit your family, bring it up the next time we talk.

#529

Here's where the two accounts part ways, starting with who's in control. Trump Accounts is opened for a child, and the m...
10/01/2026

Here's where the two accounts part ways, starting with who's in control. Trump Accounts is 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 Money can be withdrawn at any time for qualified education costs, and the earnings are exempt from federal tax.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

Trump Accounts and 529s keep coming up in the same conversation. Both put money aside for a child's future. The similari...
09/28/2026

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

You might be paying more in taxes than you need to—and not even realize it.From investment timing to account selection, ...
09/26/2026

You might be paying more in taxes than you need to—and not even realize it.

From investment timing to account selection, small decisions can have a big impact on your total tax bill. Here are five areas to keep in mind this tax season.

05/19/2026

Send a message to learn more

04/06/2026

7 quick questions. A few surprises along the way.

03/30/2026

A quick quiz to test the basics. No math required.

03/23/2026

Takes 2 minutes. Some answers may surprise you.

03/16/2026

Many people miss at least one. See how you do.

12/05/2025

We broke down markets into a 5-minute read

Address

126 S. County Farm Road Ste 1C
Naperville, IL
60187

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Tuesday 8am - 4pm
Wednesday 8am - 4pm
Thursday 8am - 4pm
Friday 8am - 4pm

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+16305774407

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