Real-Life Finance® Podcast #22 | Trump Accounts Explained: What You Need to Know
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What if families could start investing in a child’s future before that child ever earns a paycheck? In this episode, we sit down with Gidget Rowe, Old National Wealth Advisor, to discuss Trump accounts, a new savings option designed to help families begin building long-term savings early. From eligibility and contributions to potential benefits, limitations, tax considerations, and how these accounts compare to 529 plans and custodial accounts, Gidget explains what families should know before deciding if a Trump account fits into their financial plan.
Read the transcript below, or click here to listen.
Ben Joergens:
Welcome back to another edition of the Real-Life Finance® Podcast. I am your host, Ben Joergens. Today we're talking about new savings options for children called Trump accounts, a tax advantage custodial IRA designed to help families start saving for retirement earlier than ever. In this episode, we're going to break down the following: what these accounts are and why they were created, how contributions work and who can contribute, the biggest benefits and where they may fall short, how they compare to options like 529 plans or custodial accounts, and what families should do next if they're interested. If you're a parent, caregiver, or thinking about the future of the next generation, this conversation is designed to give you a clear understanding of how these accounts work. And I'm delighted to have our guest today, Gidget Rowe Old National Wealth Advisor from the Michigan market. So, Gidget, thank you for being here today.
Gidget Rowe:
Thank you for having me. I appreciate it.
Ben Joergens:
Yeah. So, this is a popular topic that is going around the country, and we really wanted to break it down, but before we do that, I really want to get to know you, Gidget. So, let's talk about a little bit of background about you and why you chose wealth management as an option to go into.
Gidget Rowe:
I've been in the financial industry for a little over 21 years, and I have accredited investment fiduciary and certified retirement counselor designations. I've been married to my husband for a little over 32 years.
Ben Joergens:
Congrats.
Gidget Rowe:
We have two beautiful daughters that are both getting married this year.
Ben Joergens:
Okay.
Gidget Rowe:
So, it's been an expensive year to say the least.
Ben Joergens:
Girls are expensive in general, aren't they?
Gidget Rowe:
Yes, exactly.
Ben Joergens:
I got two of them myself.
Gidget Rowe:
Yes. Yes. So, my oldest daughter's getting married in September and then my youngest daughter got married in January. What piqued my interest in the financial world was I actually just fell into this, honestly. I started out as an assistant, and it evolved from there. It was just something that I loved helping people, working with elderly people and trying to help during retirement. And it's just been just an incredible journey that I've been on. It's just very blessed.
Ben Joergens:
Awesome. Awesome. Well, we're excited to have you here, Gidget. It's nice to have an expert in this field because this could be a complicated topic. We're going to try to make it simplified for our listeners today. So, let's get into it, Gidget. First of all, what exactly is a Trump account and why were these things created?
Gidget Rowe:
Sure. Just as a reminder, today's conversation is for informational and educational purposes. It's not financial, tax, or legal advice because everyone's situation is different. Listeners should talk with their qualified financial professional or tax advisor before making any decisions.
Ben Joergens:
Very good to know that.
Gidget Rowe:
A Trump account is a tax-advantaged, qualified account for minor children. It mirrors characteristics of an IRA account. It is used with after-tax contributions. So, this is a great way for parents to start saving for their children at such a younger age than what we are currently able to do.
Ben Joergens:
No, 100%. And we use a lot of lingo with the banks and acronyms and things like that. So, IRA, for those that just may be new to finance, is an individual retirement account and things like that. So no, it's great. So, who would be eligible, Gidget, to open a Trump account? And you talked about children being able to take advantage of this. When might they actually receive... Because there's some talk about some seed money for these things, right?
Gidget Rowe:
Correct. Correct. There is. Yeah, definitely. So, honestly, anybody can contribute to that, whether it's a parent, guardian, sibling, or anyone else. The maximum contribution limit is $5,000 a year. As far as the seed money, there is a specific timeframe when they're able to receive that seed money, and that's between January 1, 2025, and December 31, 2028.
Ben Joergens:
So, if they're born in between those years, the government's just going to say, "We're going to kick $1,000 in to get this thing started."
Gidget Rowe:
Correct. Correct.
Ben Joergens:
Literally free money.
Gidget Rowe:
Right. Absolutely, free money. I mean, even if you think about it, even if you didn't put in any more money or make another contribution into that, it's going to grow tax deferred.
Yeah. So, this is really designed to help children save for retirement. When I think about my own experience, I started saving for retirement when I was 19 and working here at the bank. So, this gives kids at a very young age the opportunity to take advantage of a lot more time to save for the future. We'll get into the compound interest side a little bit later.
Yeah. So, this is really designed to help children save for retirement. Because you think about me, I think when I was 19, when I started here at the bank, that's when I started saving for retirement. So this is giving kids at a very young age to take advantage, and we'll get into the compound interest side a little bit later, but a lot longer to be able to save up money for the future.
Gidget Rowe:
Absolutely. It sure can. Yeah, this is just going to be a great opportunity to... The compounding interest is huge. So, this would be definitely a long runway during that period of time for them to be able to grow those assets.
Ben Joergens:
And let's break down the time period. So, they open this at whatever age. If they're very young or maybe they're 13, 14, who knows? How long does it stay in this account? What's the age limit there? And then what happens after that?
Gidget Rowe:
So, you are not able to touch any of this money until age 18. So, they're calling that the growth period between newborn to age 18. Once they turn age 18, then they'll be able to convert that over into an IRA and then be able to invest any way they would like to. And also, the contribution limits will change at that point too. So that's where the characteristics of the IRA come into effect.
Ben Joergens:
Yeah. Because with an individual retirement account or as we say, IRA, you have to have earned income to put in that.
Gidget Rowe:
Correct. Right.
Ben Joergens:
So, there's a difference with these Trump accounts. Can you go into that a little bit?
Gidget Rowe:
Yeah. So usually, with an IRA, as you mentioned, you would have to have earned income. You do not have to have that with this account. You can start right away. You don't have to be working at all to make a contribution to it. But once they turn 18, they will have to start having earned income in order to make that contribution into the account.
Ben Joergens:
What a way to jumpstart your retirement account.
Gidget Rowe:
Absolutely.
Ben Joergens:
That compounds for up to 18 years, technically. And then... I would love to look at myself at 18 years and know I had some money already started for me.
Gidget Rowe:
Right. Right. And that thousand dollars, like you said, that's free money that they get to use and make those contributions, birthdays, or whatever it may be that your parents or grandparents can put in there.
Ben Joergens:
Absolutely. Forget the toys for a little bit. Let's invest in our future.
Gidget Rowe:
Right. Right.
Ben Joergens:
So how do the contributions work? You've talked about that. And who can put money into it? You touched upon that. Is this really anybody?
Gidget Rowe:
So, yep, really anybody can do that. Also, a parent's employer can make up to a $2,500 pretax contribution. And just know that that's not per child; that's per family.
Ben Joergens:
Per family.
Gidget Rowe:
And then also, nonprofits and the government can make contributions into the plan too.
Ben Joergens:
That's nice. It is.
Gidget Rowe:
Yeah, absolutely.
Ben Joergens:
Well, yeah. And so, you mentioned this, the contributions from individuals are made on an after-tax basis. Can we break down what that means for our listeners that may be new to the world of investing when we talk pre-tax or after-tax?
Gidget Rowe:
Yeah. So, the pre-tax is, so when you go to take that money out, that is going to be 100% taxable to you at that time. So, the after-tax, you don't have to pay the-
Ben Joergens:
You've already paid taxes on it.
Gidget Rowe:
Right. You've already paid taxes on it. I will say that there's a penalty to think about, though. So, if you were to take that money out before age 59 and a half, you will have that penalty.
Ben Joergens:
So that's a big advantage because most people when they retire are going to be in a higher tax bracket. So anytime you can pay taxes early on that money already, then when you go to use it, you're not having that issue of-
Gidget Rowe:
Absolutely.
Ben Joergens:
... understanding and guessing where taxes may be when you retire.
Gidget Rowe:
Right. Right.
Ben Joergens:
That's awesome.
Gidget Rowe:
Right. Yeah.
Ben Joergens:
That's awesome.
Gidget Rowe:
Absolutely.
Ben Joergens:
So, Gidget, this is different than other retirement products or bank products out there. This isn't something that you walk into your branch and open at your local bank. Can we go through the process? Because I know there's eligibility requirements, there's some IRS-type .gov situations where they're going to go through opening this. Can we break down some of those barriers so parents might know what to expect?
Gidget Rowe:
Right. Absolutely. So, they will have to fill out Form 4547 to see if they qualify. They'll receive an email back saying, yes, they can go ahead and proceed to trumpaccounts.gov.
Ben Joergens:
It's trumpaccounts.gov, I think.
Gidget Rowe:
Yep. Correct. Sorry. They can fill all the information out there, and that's where they will also make their election for their investments too.
Ben Joergens:
Yes. So, you'll fill out, I think, an ID.me account. Everything's very laid out on that. So, go to trumpaccounts.gov. All the details are there.
Gidget Rowe:
Yes, the website is great.
Ben Joergens:
You're going to have to submit some information, right?
Gidget Rowe:
Correct.
Ben Joergens:
But the cool thing is too, there's a calculator on there that even shows suggested amounts of what could happen based on historical returns, which I think, for young people especially, that's what would motivate me as a young person to want to put money into this account.
Gidget Rowe:
Yeah, absolutely. That website that they have is a wonderful thing that they built. And I mean, again, that compounding interest to see what it's going to look like if you leave it there till age 70 or 73 when you have to start taking out the required minimum distribution.
Ben Joergens:
Yeah.
Gidget Rowe:
So yeah, absolutely.
Ben Joergens:
So, on that note, there are different things we'll get into what it can be used for, right? But let's talk about some of the biggest potential benefits for families that open this up. I think you've already pointed to it. The biggest, probably, benefit is time. And can we go in and help explain to families what does that mean and why time is so important when it's on your side in the case of compounding interest?
Gidget Rowe:
Yeah. So, if you were to look at the S&P, it has averaged over 11% for the last 20 years. So, imagine that time is on your side. With that long-term investment horizon, you're earning compound interest on your money over time. That's the beautiful thing about these types of accounts. You leave it there, maybe put contributions in it, and it grows on a tax-deferred basis.
Ben Joergens:
That's huge. And I always tell people, don't look at it until you get... If the market's up though, check it out, right? You made some money.
Gidget Rowe:
Right. Right.
Ben Joergens:
If it's down, don't look at it and don't make changes and crazy thoughts if something bad happens in the market. Now the big piece here, you said there's no earned income requirement, which is huge.
Gidget Rowe:
No earned income, correct.
Ben Joergens:
So, when we say that they don't have to be working to be able to take advantage of this.
Gidget Rowe:
Right.
Ben Joergens:
And then you said that if they-
Gidget Rowe:
But that does change at age 18.
Ben Joergens:
At 18. Okay. So, prior to 18, it doesn't count against their annual contribution limits.
Gidget Rowe:
Right.
Ben Joergens:
Okay. Okay. And then outside contributions can make the account more valuable, right? Because you're talking about more money going into this pot of money to start growing compounding.
Gidget Rowe:
Right. Right. Well, the contribution limit then at age 18 goes up to 7,500.
Ben Joergens:
Yeah. That's a big difference.
Gidget Rowe:
Right. Right. They'll be able to put that money in.
Ben Joergens:
Absolutely. Absolutely. So, after the account becomes subject to IRA rules once they're 18, certain withdrawals are going to qualify, right? And there's the... You don't want to withdraw early is what I tell people. I'm not giving financial advice, but I'm just saying I've seen people that have withdrawn early and that penalty can be huge and you lose-
Gidget Rowe:
10%.
Ben Joergens:
... so much of your growth of those funds. But there are some different cases with the Trump accounts where that money can be used, not just for retirement, right?
Gidget Rowe:
Right. So, any money you pull out is always going to be taxable, but the 10% penalty will go away if you use it for higher education, a first home purchase, or starting a new business.
Ben Joergens:
Yeah.
Gidget Rowe:
So, that's very helpful.
Ben Joergens:
Huge.
Gidget Rowe:
It's big, very nice.
Ben Joergens:
Because what I'm seeing online and reading about in articles is we're probably going to see the most number of entrepreneurs we've ever seen from this younger generation. So being able to take those funds to jumpstart a small business, because it may not always be the easiest to get money from the bank when you're an entrepreneur right off the bat. You don't have your funding, your capital and all this stuff. So that would be a great way to help jumpstart your business without going into too much debt as well.
Gidget Rowe:
Mm-hmm. Mm-hmm. Yep.
Ben Joergens:
That's awesome. So, whenever a new financial tool gets attention, I mean these things are getting attention. They launched on our country's birthday on the 250th anniversary. It's easy to focus on the upsides, right? A lot of great things with this account. But for families to make informed decisions, they also might need to know what makes this less flexible or more complicated. So, what are some limitations or risks that families probably should understand going into this as well?
Gidget Rowe:
One of the major things is that during that growth period, while they're under age 18, they absolutely cannot take any money out of it. So, that's a downfall. Once the account does become an IRA, any withdrawals taken out before age 59 and a half will obviously have that 10% penalty.
Ben Joergens:
And then the-
Gidget Rowe:
Well, and there's also multiple tax treatments too, which is big. People need to realize this. So, some of this might have after-tax money and some of it might have pre-tax money. So, they need to really consider how they're pulling that money out. Plus, who's going to actually manage that?
Ben Joergens:
Right.
Gidget Rowe:
That's the big part. Who's going to keep track of what's pre-tax and after-tax?
Ben Joergens:
Would it be a good thing to have a conversation about this product in general?
Gidget Rowe:
Absolutely.
Ben Joergens:
Of understanding some of these-
Gidget Rowe:
Absolutely.
Ben Joergens:
Okay.
Gidget Rowe:
And I think it's still evolving too. I mean, there's probably more information that's going to come out, but absolutely, they should talk through whether this is the right fit. Should you be investing in a Trump account, or is it something else? So, I would always recommend that they talk to their advisor.
Ben Joergens:
No, absolutely. Absolutely. So individual contributions they may have, and I think we're still, like you said, we're still learning about this, but there may be some gift implications or gift tax implications. Families should always consult a tax advisor as well. Have your CPA, your accountant, go over these things with them because they're going to use this when they file their taxes, right? That's the key part.
Gidget Rowe:
Right. Absolutely. Yep.
Ben Joergens:
Okay. So Gidget, as we talk about these new accounts and as things are out there, as a high school daughter of mine getting ready to start this year, I've learned that FAFSA, this is what all families will fill out when their kids are in high school to determine how much aid they might be eligible for from a student's perspective of receiving grants, work, study, whatever it might be, how does the Trump account or how can that affect the FAFSA when families are going through that process?
Gidget Rowe:
Yeah, absolutely. It can affect when they fill out the FAFSA form because these accounts are actually set up as a child's accounts underneath their name and social security number. So, when they apply for FAFSA, that will ultimately affect how much they'll be receiving.
Ben Joergens:
Yeah. Yeah. Oh, absolutely. So, we hear a lot about long-term savings for kids. Usually it's a 529, which we call a college savings plan, right? So how can families compare the options? When I'm looking at a Trump account or a 529 account or a custodial account, can we break down the difference of how this Trump account is different than a 529 or a custodial?
Gidget Rowe:
Well, I think they have to think about what they are using the money for. Is it for higher education?
Ben Joergens:
Yeah.
Gidget Rowe:
So, then maybe that's a 529 plan. Or is it for long-term wealth planning? Then that's where the Trump account will come in because they can start at such an early age. So, I think figuring out which way they'd want to go would be best.
Ben Joergens:
And you can have both, right?
Gidget Rowe:
Oh, absolutely you can have both.
Ben Joergens:
My recommendation for, not recommendation, but what we did for our families is, for our kids, is the day they were born opening that 529 account because knowing that's for college savings. And now I hear about this, I'm like, what a great thing to jumpstart. And for families that think, I don't have a lot of money to put into this account. 20 bucks a week are going to give you a thousand bucks a year. You multiply that by 18 years; you've got 18 grand plus compounding and now going till the retirement age. So, would you agree, Gidget, that a little bit of money can really add up to being a lot down the road?
Gidget Rowe:
Absolutely. Yeah, it sure can. Again, going back to compounding interest, that long-term investment horizon for your children and help building that wealth will definitely help.
Ben Joergens:
Yeah. So compounding interest, I know people in the past call it the eighth wonder of the world. It's one of those things that you're earning money on your money, which is a great concept. And I hope more people can understand how that benefits you because if it's on the flip side, Gidget, and we're talking about credit card debt, it's going against us, right?
Gidget Rowe:
Right.
Ben Joergens:
And the companies earn that. So, this is an opportunity to use it in your favor. So, let's talk about a custodial brokerage account. How is that different from these?
Gidget Rowe:
So, a custodial brokerage account, so it is used with after-tax money, just like the Trump account, but however, your earnings, that is taxed on an annual basis. Where the Trump accounts, that stays tax deferred. So, there's a big difference there when you don't have to pay those taxes on an annual basis.
Ben Joergens:
Can we break down what tax deferred means for people that may not understand that concept and they're new to finances?
Gidget Rowe:
Yeah. So, tax-deferred, so the interest that you're earning will stay deferred, meaning you're not paying that interest until you actually pull that money out. So, like in the brokerage account where you are, the interest that you are earning, you are paying that on an annual basis.
Ben Joergens:
So, this is allowing that bucket of funds to just keep growing before you have to pay taxes on it.
Gidget Rowe:
Yes, absolutely. Absolutely.
Ben Joergens:
Okay. Perfect. How does this work from a prioritization standpoint? What do you think? What should families think about for their personal lives?
Gidget Rowe:
Well, I think how it fits into their financial plan. I mean, hopefully everybody's doing financial planning. You should be doing a financial plan by all means. So, think about how it fits into your financial planning. Are you saving for that college? Are you wanting to put the money and invest it for long-term wealth for your children? How does that play into it all? So, putting that money away.
Ben Joergens:
And if families haven't made the financial plan, I always say, "Number one, start with the budget. Sit down, look at your income, look at your expenses, see what you have left over." Because on paper, Gidget, what I'm finding out is more people do have money left over. They just don't know where the money is going. It's that discretionary spending. So, look at your budget, see what's left and see what you truly can afford on paper to start this because I want to get your take on this because in my opinion, once you start having money go automatically and you don't see it, you don't miss it, you don't spend it. How big of an advantage is that for families to really, if they're looking to build wealth?
Gidget Rowe:
That's a big, big advantage to help build wealth when you're sitting there putting that money away. If it's just taken out of your paycheck, you don't miss it. And they're building that wealth and putting that money in and it's growing at a tax-deferred basis into that Trump account. So yeah, that's a big, big advantage.
Ben Joergens:
So, let's talk to our youth that are listening to this podcast here. So, let's say they started a summer job. They're making money. Can they take part of their funds from their paycheck and put money in themselves in these accounts?
Gidget Rowe:
Yes, they can. You can set up both the Trump account and a Roth IRA too. So, if they are working and they have earned income, you could potentially put money in both. The earlier you start saving, the better you'll be in the long run.
Ben Joergens:
But it's never too late to start, right?
Gidget Rowe:
Never too late to start saving.
Ben Joergens:
Absolutely.
Gidget Rowe:
Absolutely.
Ben Joergens:
And there's going to be some benefits from a state level. We've talked about college choice of 529s or whatever it might be in your state. Some of them offer different deductions and credits and things like that. So, what would you suggest for somebody that's looking at that side of it as well from a 529? Do they just look up their state's plan and see what the benefits are for them?
Gidget Rowe:
Yeah, to see if they qualify for that state deduction. Absolutely look up the state, see if they offer that because that can be, again, a benefit the Trump accounts don't have where the 529s do have.
Ben Joergens:
Yeah.
Gidget Rowe:
So, look up your state, see if that or speak with your financial advisor.
Ben Joergens:
Because we're not talking about which one's better. These are pieces of the overall plan. And you're right. Some of those credits are good. I know where we live in Indiana here, it's like a 20% state credit and that's a lot of income to get back.
Gidget Rowe:
Right. Right.
Ben Joergens:
So, look at your state plan, see what's out there. All right, good. So, as we finalize this concept of Trump accounts, what should families do if they're interested? So, they're liking this, they've heard about it, they want it. What are the first steps that they need to do?
Gidget Rowe:
Yeah. I mean, start reviewing the IRS Trump accounts page. Go there, fill the form out. Also be able to fill out the seed account or seed money, the thousand dollars. And then yeah.
Ben Joergens:
Yeah. I think they have to have like, what is it? An ID.me account. It's simple. Just go to the website, trumpaccounts.gov. We'll put the link here on-
Gidget Rowe:
And it walks you right through it.
Ben Joergens:
It does. It does.
Gidget Rowe:
It walks you right through it.
Ben Joergens:
And I think it even has hyperlinks when you create an account, you click on it. I've done that. The process is not too painful. It's pretty simple to follow, but just follow those instructions and begin. Don't delay it, right? If this is what you want to do, don't delay it.
Gidget Rowe:
Start right away.
Ben Joergens:
Just go for it.
Gidget Rowe:
Especially that seed money. $1,000?
Ben Joergens:
Yeah. If you have a kid that meets those requirements, you get $1,000 right there. It's not a bad deal.
Gidget Rowe:
Right. Free money. Yes.
Ben Joergens:
Exactly. Okay. So, with that, they're going to probably submit some personal information, right? Birthday, social security, those kinds of things. And then they're going to watch for the account portal when they file the taxes. What'd you say that form was? 4547?
Gidget Rowe:
Yes. 4547. They will receive-
Ben Joergens:
I just understand why those numbers are tied now. 45th president, 47th president. I never realized that. So, as I'm thinking about that, I'm reading. I'm like, perfect. So yeah, news to me there. But anyway, so you're going to keep detailed accounts of the contributions, right? Because we don't know everything yet either. So how important is that to keep-
Gidget Rowe:
It's going to be very important for the pre-tax and after-tax contributions when you start withdrawing that money. So, we'll need to keep track of that.
Ben Joergens:
Perfect. Perfect. So yeah, stay updated. You can always go to the treasurer website to learn more about it if things change and whatnot. But no, Gidget, I think this was a good topic. It's getting a lot of media, a lot of press. We wanted to break the story as this is launching or it just has recently launched in the United States. So, I appreciate you bringing your expertise to this conversation because it is a great tool, and the more that we can do to help young people save for their future I think is just a great thing, right?
Gidget Rowe:
Yeah, absolutely. It's going to be great definitely for the minor children for the future.
Ben Joergens:
Absolutely. Well, we appreciate your expertise and all that you bring to this topic. It's a great opportunity for people to save for their future. And as we close out all our podcasts, we like to do a little of what we call a lightning round. And this will be just quick answers off the cuff of getting to know you a little bit better. Is that fair?
Gidget Rowe:
Sure.
Ben Joergens:
Okay.
Gidget Rowe:
Absolutely.
Ben Joergens:
All right. So, number one, Gidget, what's the most valuable lesson that you've learned in your career so far?
Gidget Rowe:
Listen. Listening to your clients. I think that's been extremely important. And I've learned to... When I initially started out my career, I was young. And then as it evolved, just listening played a huge part in how you invest, how you help your clients, and also the body language. When you have a husband and wife sitting in front of you and you're talking to them and the wife might move a certain way because you said something, you question that. Like, are you sure about that? So, I think listening and the body language, reading that and having a good understanding of your clients.
Ben Joergens:
That's a great point because so many people want to have the next answer, right? And the next question stated. But actively listening will give you so much information and picking up on body language. I like that.
Gidget Rowe:
Yeah.
Ben Joergens:
I like that.
Gidget Rowe:
Absolutely.
Ben Joergens:
Well, number two, if you could instantly master any skill, Gidget, what would it be? We've had a variety of these shows.
Gidget Rowe:
If I can master any skill, I think learning how to be present. And what I mean by that is, both personally and professionally, as you're sitting... Well, let me say this. Time goes by fast, right? You're always thinking about what happened yesterday? What's going on tomorrow? What's going on with my schedule? Assistants, people running in and out of my office. And being present, always listening and looking at the person in front of me. Really being present and listening to their entire conversation. Not worrying about what tomorrow is going to be like or what I need to do. Just being more present in my life, I think.
Ben Joergens:
Yeah. I love it. Well, I love that answer. So, our final question for you, Gidget, is who would you say in your life has been the most influential person to you?
Gidget Rowe:
I would have to say my husband. My husband wakes up every morning with a smile on his face, just very bubbly, very energetic. He's always up for whatever I'm wanting to do, whether it's me going back to school and getting my education or I'm studying for another securities exam or credentials. He just very supportive and I admire him honestly.
Ben Joergens:
That's wonderful.
Gidget Rowe:
Just a great guy.
Ben Joergens:
People need to smile more. It makes a big difference, doesn't it?
Gidget Rowe:
It sure does.
Ben Joergens:
I love to hear that. Yeah, that's fantastic. Well, Gidget, I can't thank you enough for being our latest guest on the Real-Life Finance® podcast. I appreciate your insight. I appreciate your expertise and you're willing to come in and talk about such a popular product and a new item in the world. And I think it's a great thing for families to help invest in their children for them, for their future. So, thank you for being on the show.
Gidget Rowe:
Very important. Thank you for having me. I appreciate it.
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Securities and advisory services are offered through LPL Financial (LPL), a registered investment advisor and broker-dealer (member FINRA/SIPC.). Insurance products are offered through LPL or its licensed affiliates. Old National Bank and Old National Wealth Advisors are not registered as a broker-dealer or investment advisor. Registered representatives of LPL offer products and services using Old National Wealth Advisors, and may also be employees of Old National Bank. These products and services are being offered through LPL or its affiliates, which are separate entities from, and not affiliates of, Old National Bank, Old National Private Banking or Old National Wealth Advisors. Securities and insurance offered through LPL or its affiliates are:
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Not Insured by FDIC or Any Other Government Agency |
Not Bank Guaranteed |
Not Bank Deposits or Obligations |
May Lose Value |
The information provided in the Old National Bank's Real-Life Finance® Podcast is for general informational purposes only and does not constitute financial, legal, or professional advice. The views and opinions expressed by the hosts and guests are their own and do not necessarily reflect the views of Old National Bank. While we strive to provide accurate and up-to-date information, Old National Bank makes no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability with respect to the podcast or the information, products, services, or related graphics contained in the podcast for any purpose. Any reliance you place on such information is therefore strictly at your own risk. In no event will Old National Bank be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of data or profits arising out of, or in connection with, the use of this podcast.
