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Trump Accounts: From Entitlements to Ownership

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turns 18. The account is managed by the custodian (usually a parent) during this time.

  • At Age 18: The account automatically converts to a traditional IRA in the child’s name, giving them full control. From this point, standard IRA rules apply (including potential Roth conversions, withdrawals for qualified purposes with exceptions, and required minimum continue reading …

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