Lauren Davies Outlines Key Take Aways on "Trump Accounts" for the Hartford Tax Group

Pullman & Comley Trusts and Estates Attorney Lauren C. Davies outlined the essentials of the new Trump Accounts, a federally created savings vehicle for children born between 2025 and 2028. The session covered who qualifies, how accounts are opened through Treasury and later managed by financial institutions, the limits on contributions and investments during the growth period, and the basic rules for withdrawals after age 18. The presentation also compared Trump Accounts with traditional 529 plans, highlighting how the two compare on taxable education withdrawals, investment choices, contribution limits and tax deductions.