This episode of Financial Fortitude finds Michael and Brady breaking down the real strategy behind building wealth for your children, one that goes far beyond the typical “set it and forget it” approach. From 529 plans to Roth IRAs, custodial accounts, and emerging options like Trump accounts, they unpack how each tool actually works in the real world.

Whether you're a high-income earner, business owner, or simply a parent who wants to make smarter financial decisions, this conversation will challenge your assumptions and give you a clearer blueprint for generational wealth. If you’ve ever wondered how to save the right way for your kids, not just the popular way, this episode is a must-listen. 

 Key Takeaways:
• Why relying solely on a 529 plan can create hidden risks if your child doesn’t follow a traditional college path.
• How Roth IRAs for kids can become a stealth wealth-building tool with long-term tax-free growth.
• What UTMA and UGMA accounts actually offer—and why flexibility comes with a control tradeoff.
• The real impact of account ownership on FAFSA and how it can affect financial aid eligibility.
• Why high-income families and business owners need a multi-account strategy, not a one-size-fits-all solution.
• How overfunding education accounts can quietly cost you in penalties and lost opportunities.
• The key differences between flexibility, tax efficiency, and control—and how to balance all three.
• And the simple framework for combining these accounts into a strategy that adapts as your child grows.

Key Timestamps:
(00:00) – Building Wealth Strategy Foundations
(01:12) – Beyond Basic 529 Thinking
(02:45) – Understanding Account Ownership Rules
(04:10) – Why Labels Mislead Investors
(05:32) – Tax Efficiency Strategy Breakdown
(06:50) – 529 Plan Core Benefits
(08:05) – Roth IRA For Kids
(10:18) – Custodial Accounts Explained Clearly
(11:40) – Risks Of Early Control
(12:55) – New Trump Account Insights
(14:20) – Flexibility Versus Tax Tradeoffs
(16:05) – Designing Smarter Education Plans
(18:10) – Avoiding Overfunding Mistakes
(20:00) – Combining Accounts Strategically

Key Topics Discussed:
Financial Fortitude, Genesis Wealth Planning, Brady Hemmerle, Michael Acosta, Financial Wellness, Wealth Building, Financial Psychology, Financial Advisor, Finance Coach, Student Loan Debt, Finance Guidance for High Earners, , Hiring a Financial Advisor, Student Loan Forgiveness, Investing Strategies, Financial Guidance for High Earners, Smart Money Moves for High-Income Professionals, Financial Planning for Doctors, Lawyers & Execs, Wealth Management Tips for High-Income Earners, High Earner Money Talk, Financial Wisdom for 6-Figure+ Entrepreneurs, Smart Strategies for Managing High Income Money, The Dave Ramsey Show, BiggerPockets Podcast, The Motley Fool Money Show, We Study Billionaires, 529 Plan Strategy, Roth IRA For Kids, Custodial Account Investing, Tax Efficient College Strategies, Trump Account

Mentions: 
Website: https://www.genesiswealthplanning.com/
Michael’s LinkedIn: https://www.linkedin.com/in/michaelracosta/
Brady’s LinkedIn: https://www.linkedin.com/in/brady-hemmerle-cfp%C2%AE-75043013a/
Financial Health Checkup: https://www.livingbalancesheet.com/lbsVision/lite/michaelraco

This podcast is for informational purposes only and is not to be construed as tax, legal, or investment advice. Although the information has been gathered from sources believed to be reliable, please note that individual situations can vary. Therefore, the information should be relied upon only when coordinated with individual professional advice.  Guest speakers and their firms are not affiliated with or endorsed by PAS, Guardian, or Genesis Wealth Planning and opinions stated are their own.  Guardian, its subsidiaries, agents, and employees do not provide tax, legal, or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation. All investments and investment strategies contain risk and may lose value. 

Guest speakers and the firms are not affiliated with or endorsed by Securities Guardian or Genesis. Wealth Planning, LC and opinion stated are their own. Guardian subsidiaries, agents and employees do not provide tax, legal or accounting advice. Consult your tax, legal, or accounting professional regarding your individual situation.

All investments in investment strategies contain risk and may lose value. All scenarios. Names mentioned here are purely fictional and have been created solely for educational purposes. Any resemblance to existing situations, person or fictional characters is coincidental. The information presented should not be used as the basis for any specific investment advice.

Links to external sites are provided for your convenience in locating related information and services. Guardian, its subsidiaries, agents and employees expressly disclaim any responsibility for and do not maintain, control, recommend, or endorse third-party sites, organizations, products, or services and make no representation as to the completeness, suitability, or quality thereof.

Michael Acosta and Brady Hemmerle are Registered Representatives and Financial Advisors of Park Avenue Securities LLC (PAS). OSJ: 6115 PARK SOUTH DRIVE, SUITE 200, CHARLOTTE NC, 28210, 704-5528507. Securities products and advisory services offered through PAS, member FINRA, SIPC. Financial Representative of The Guardian Life Insurance Company of America® (Guardian), New York, NY. PAS is a wholly owned subsidiary of Guardian. Genesis Wealth Planning is not an affiliate or subsidiary of PAS or Guardian. Michael Acosta'sCA Insurance License # 0M50974. Brady Hemmerle’s CA Insurance License # 4353077.  7237198.32 Exp 4/28