Seaview Wealth Management

10/14/2026

The two accounts aren't connected, and funds can't transfer between them, according to a 2026 update from Brightstart.com.

That makes things simpler for a lot of families. It's rarely a true either-or decision. Many households end up using both accounts, each one doing its own job. If you're weighing how Trump Accounts and a 529 might fit your family, bring it up the next time we talk.

#529

10/13/2026

Here's where the two accounts part ways, starting with who's in control. Trump Accounts are opened for a child, and the money stays locked up until January 1 of the year they turn 18. After that, it works like a traditional individual retirement account. The IRS in 2026 clarified that family, friends, and employers can contribute up to $5,000 per child per year, with employers capped at $2,500 of that.

A 529 runs on different rules. There's no federal cap on yearly contributions, though each state sets its own lifetime limit. The IRS says that a parent can contribute up to $19,000 per year ($38,000 for a couple) without any gift tax paperwork. Money can be withdrawn at any time for qualified education costs, and the earnings are exempt from federal tax.

#529

10/12/2026

Trump Accounts and 529s keep coming up in the same conversation. Both put money aside for a child's future. The similarity ends there. One is designed for educational expenses, but the other is open-ended. College, a first home, retirement, or anything else.

#529

10/01/2026

For many Gen Xers, retirement is starting to feel less like a distant milestone and more like a looming financial reality.

The oldest members of the generation will turn 62 next year, the earliest age to claim Social Security. At the same time, many are approaching retirement with limited savings and fewer pensions than previous generations had.

The median Gen X retirement savings balance is about $107,000, while members of the generation estimate they’ll need roughly $700,000 for retirement. Social Security may also become an increasingly important source of income, with 41% of workers over 55 saying they expect it to be their primary source in retirement.

That gap is prompting some Gen Xers to rethink when they’ll stop working, how much they may need to save, and what retirement could realistically look like.

If retirement is getting closer, this may be a good time to review your savings, expected Social Security benefits, and other sources of retirement income.


Source:

Millions of Generation X Americans expect to depend on Social Security as their main — or only — source of retirement income.

09/30/2026

Start building your child's financial future today with these key points to know about Roth IRAs.
#

Learn about the benefits and requirements of opening a Roth IRA for kids.

09/29/2026

Chris Rock once remarked, “You don’t pay taxes – they take taxes.” That applies not only to income, but also to capital gains. Now may be the time to meet with a CFP® Professional.

Understanding how capital gains are taxed may help you refine your investment strategies.

08/20/2026

Meet with a qualified and experienced Professional to help plan for your .

08/19/2026

Married couples can maximize lifetime income and protect the surving spouse by coordinating when each partner files. One strategy The 62/70 split: the lower earning spouse claims early for immediate cash flow. The higher earner delays until age 70, locking in an 8% annual delayed credit increase.

08/17/2026

Use SSA.gov to view benefit estimates and plan ahead for retirement.

08/14/2026

Divorced spouses may qualify for up to 50% of an ex-spouse's full retirement benefit if the marriage lasted at least 10 consecutive years, they are currently unmarried, and they are at least age 62 years old.