Mark opens with highlights from two Royal Caribbean Alaska cruises, including the FinTalks cruise with over 90 Financial Independence community members, and a second solo cruise to secure a Silversea status match for additional cruise discounts, including for a planned 2028 FinTalks Antarctica sailing.
He then covers a new account created under the One Big Beautiful Bill Act: “Trump Accounts,” described as custodial traditional IRAs for children under 18. Contributions can start without earned income, are capped at $5,000/year (with possible employer contributions up to $2,500 counting toward the cap). Eligible children born 2025–2028 can receive $1,000 from the government to seed the account.
Funds can’t be withdrawn before 18. At 18 the account can transition to a traditional IRA, with traditional IRA-style taxes/penalties and limited exceptions. Investments are restricted to low-cost US-focused index funds (with expense ratios under 0.10%). Accounts are opened via IRS Form 4547 or trumpaccounts.gov, initially held at Bank of New York, and can later be moved to major custodians.
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