EnRich Financial Partners LLC

Trump Accounts. By now you’ve probably heard about these, and maybe even done a little reading about them, too.

But what are they, exactly?

Who — and what — are they meant for? And are they right for you and your family?

First announced as part of the One Big Beautiful Bill Act that went into law last year, Trump Accounts officially launch on July 4, 2026.

Below is some basic information on how Trump Accounts work, as well as some other options to consider when helping a child save for the future.

Believe it or not, we’re more than halfway through 2026.🤯

It’s the perfect time to revisit your financial goals.

👉Are you on track?

Before the summer fades away, take note of your finances and prepare for the next six months.

Once the summer ends, the holidays are right around the corner, which means your schedule can fill up quickly!

You should be meeting with your financial professional on an annual basis, if not more.

Scheduling a meeting at the midpoint of the year will prepare you for the rest of the year.

Here are two things you should consider in your mid-year review!

1️⃣Plan Your Spending

This is a perfect time to stop and see if you are still working within your budget. Retirees on a fixed income need to check their spending and plan for the rest of the year.

One of the biggest fears those in or near retirement have is running out of money. Reviewing your spending plan in the middle of the year will show you if you are withdrawing too much from your retirement accounts.

2️⃣Review Your Estate Plan

More than half of older Americans have no will or estate plan in place. Midyear is an excellent time to create or review your estate plan and make sure you have all your affairs in order. Make sure you have a will created and an executor named.

Spring is in the air, but it’s the perfect time to start planning for your summer escape! If you haven’t thought about your trips yet, here are a few things to consider when planning.

- Maximize your travel dollars – Use your points/credit with any credit cards you have on flight and hotel travel expenses. Keep an eye out for online deals to save. Many have offers when combining trips or airfare and hotel together. Start looking for those deals NOW.

- Traveling to multiple locations? It’s a smart option to consider visiting multiple areas during the same period to reduce spending for numerous trips. Use alternatives instead of hotels, map out any vacation properties or family and friends along the way that you can stay with overnight. It can make the trip more memorable by visiting those you haven’t seen in a while.

- Plan for the unexpected – After budgeting for the trip, add in a buffer for those unforeseen expenses like cell phone roaming charges, foreign transaction fees, currency exchange fees, souvenirs, tourist taxes, etc. Suggestions vary, but we’ve seen recommendations to budget for around 10% to 20%. Each spending plan differs, so tailor these guidelines to your financial comfort zone.

- Manage your expectations — it’s rare for families to have unlimited money or time for vacation plans. Be realistic about your travel plans to avoid the assumption that each trip must be bigger and better than the last. Consider doing those bigger or longer vacations every other year, then you can plan the shorter trips in between.

Summer is right around the corner. Where will your wanderlust take you next?

Happy travels!

Have you ever wondered what the alphabet soup after an advisor’s name means?

We all know that a Ph. D is a Doctor of Philosophy, an MD is a Medical Doctor, an MBA is a Master of Business Administration, and so forth, it goes on into the more obscure post-nominal letters.

So, what about all those fancy letters after an advisor’s name? What do they mean, exactly?

While not an exhaustive list, here are some of the more common, as well as some of the more prestigious designations an advisor can earn.

Keep in mind, these designations may show an advisor’s commitment to better serving their clients, but a designation alone doesn’t mean they are a great advisor for you.

Conducting your own due diligence cannot be emphasized enough.