Trump account donated stock comes with a catch most parents haven’t heard: you can’t swap it, you can’t sell it, and you don’t get a say. 🔒 Chet Cowart, CF2®, CRPC™ and Kristin Kalley, CPA, CFP®, CF2® explain that under current rules, families generally can’t reject donated shares and typically can’t sell them for five years. If you prefer diversified investing — or wouldn’t own the company for moral or ethical reasons — your child owns it anyway.
👶 The full conversation on what parents should do is in the full episode: ▶️
#DollarsAndSense #NelsonFinancialPlanning #TrumpAccounts #FamilyFinance #KidsInvesting
💵 About Dollars & Sense with Nelson Financial Planning
Dollars & Sense is a Top 25 financial planning podcast on Spotify, hosted by Joel Garris, CFP® — a CERTIFIED FINANCIAL PLANNER®, Certified Financial Fiduciary (CF2®), with 25+ years in retirement planning. Each week, Joel and the Nelson Financial Planning team cut through the noise on retirement income, taxes, Social Security, Medicare, investing, and the financial decisions that matter most for Floridians over 50.
What makes Nelson Financial Planning different: every advisor on the team is a Certified Financial Fiduciary (CF2®) — meaning they’ve completed specific educational training and are legally and ethically bound to act in your best interest at all times. And Nelson is one of the only financial planning firms in Central Florida with an IRS Enrolled Agent, Christina Lamb, on the advisory team — with tax strategy built directly into the planning process alongside Kristin Kalley, CPA and CERTIFIED FINANCIAL PLANNER® professional.
No account minimums. No obligation. Just straightforward guidance from a team that’s been serving Central Florida families for 40+ years — since Jack Nelson founded the firm in 1984.
📅 Schedule a free retirement strategy review:
👉 www.NelsonFinancialPlanning.com
📖 Get Joel’s free book — NextGen Dollars & Sense:
👉 www.NelsonFinancialPlanning.com/next-gen-dollars-sense-book/
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⚠️ Disclaimer: This content is for educational purposes only and should not be considered personalized financial or tax advice. Consult a qualified financial advisor or tax professional for guidance specific to your situation.
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