{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/6df7d5f7d15a4dc78be784665a367d11\" frameborder=\"0\" width=\"1252\" height=\"939\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":939,"width":1252,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":939,"thumbnail_width":1252,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/6df7d5f7d15a4dc78be784665a367d11-0aaebffe5a3bae31.gif","duration":560.319,"title":"Trump Accounts Explained for Child Savings","description":"This Loom explains the new Trump accounts created under the 2025 One Big Beautiful Bill Act and how to decide whether they fit your child’s plan. The account is a tax-advantaged custodial investment for U.S. children under 18, funded with after-tax dollars, required to be invested in a low-cost diversified U.S. equity index fund, and generally cannot be withdrawn until age 18 except narrow hardship cases. Eligible newborns born from January 1, 2025 to December 31, 2028 can receive a one-time $1,000 Treasury seed with no income limits, and the annual contribution cap is $5,000 per child with potential employer contributions up to $2,500 tax-free. Earnings grow tax-deferred but are taxed as ordinary income on withdrawal, unlike Roth IRAs. The speaker advises most families to layer savings by claiming the seed if eligible, then funding other accounts based on earned income and education goals."}