Earn: 1 NAPFA CE and 1 CFP
® CE
Content Level: Intermediate
NAPFA Subject Area: C-Investments
This webinar is free to NAPFA Genesis members courtesy of LLIS, the exclusive sponsor of Genesis. To add this course to your calendar, log in to NAPFA's Learning Center, find this program under “My Courses” and click on the green “Start” button for a calendar invitation.
This Genesis webinar is sponsored by LLIS, the exclusive sponsor of NAPFA Genesis.
The One, Big, Beautiful Bill Act (OBBBA) introduced IRC Section 530A, allowing for tax-advantaged investment accounts, or “Trump Accounts,” for children under age 18. Attendees will learn about the three phases of these accounts and the associated rules for contributions, distributions, and investments.
The webinar will cover the first period, called the Election Period, when these accounts are opened and there is the opportunity for the $1,000 pilot contributions for newborns plus additional contributions from employers and others. The presentation will also review the second period, the Growth Period, which is until the beneficiary turns age 18, and the third period, the Distribution period. The presenter will compare Trump Accounts with other types of accounts and review some financial planning best practices.
Larry Pon, CPA/PFS, CFP®, EA, USTCP, AEP
Larry Pon, CPA/PFS, CFP®, EA, USTCP, AEP, of Pon & Associates in Redwood Shores, California, has been in practice since 1986 and speaks nationwide on tax planning and financial planning topics to tax professionals and financial advisors.
Larry teaches income tax at the College of San Mateo. He received his BS in business administration with an emphasis in accounting and finance from the University of California, Berkeley, and an MS in taxation from Golden Gate University in San Francisco.