Savings Account vs 529 vs the New Trump Account for a New Grandbaby

Savings Account vs 529 vs the New Trump Account for a New Grandbaby

Author: Ralph V. Estep, Jr. September 16, 2026 Duration: 1:00:40

Join Ralph Estep Jr (licensed public accountant) & Juliet (not an accountant) as they dive into:

  • What options are there saving for a grandchild (savings account, Trump Account, 529)
  • Annual Notice of Change are being mailed out before September 30, and why it matters even if you're not the one on Medicare
  • Why naming beneficiaries for your 401K and IRA + a story where a missing beneficiary name turned a 12% tax hit into 35%
  • Dive into the Dollar Job Framework, starting with naming a real money dream, then breaking it down to actionable and digestible bites
  • This week's money move: opening a high-yield savings account and setting up one automatic transfer

Tomorrow we're breaking down credit reports line by line, so pull yours free at annualcreditreport.com before the show.

Got a money question for me? Send it to us at becomingfinanciallyconfident.com/voicemail.

Or come watch us live every weekday, 11:30 am ET at becomingfinanciallyconfident.com/live.

Links mentioned in this episode:

becomingfinanciallyconfident.com/lawdepot

becomingfinanciallyconfident.com/quicken

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Ralph V. Estep, Jr. hosts Financially Confident Christian, a space where faith meets your bank statement. Recognized as a top Christian finance podcast, these conversations start from a simple, powerful idea: money is more than math-it's a matter of confidence, stewardship, and personal faith. If financial worry or shame has ever felt like a lonely cycle, this is a place to find solid ground. Ralph guides listeners through blending timeless Biblical wisdom with actionable, modern financial strategies. You'll hear practical advice on budgeting, debt, and building security, all framed within the context of Christian calling and generosity. The goal isn't just a better portfolio, but a more peaceful and purposeful relationship with the resources you've been given. This podcast sits uniquely at the intersection of spiritual growth and tangible self-improvement, making it a resource for anyone looking to align their financial life with their values. Each episode aims to replace anxiety with clarity and conviction, offering a path toward becoming a better manager of all that is entrusted to you. Tune in for honest talk that respects both your faith and your desire for real-world results.
Author: Language: English Episodes: 50

Becoming Financially Confident
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