08.06.25 Trump Accounts For Newborns / Sim Card Danger & An Easy Fix

The Clark Howard Podcast

Clark Howard

Investing, Entrepreneurship, Business

4.6 • 4.9K Ratings

🗓️ 6 August 2025

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Today, Clark explains the “Trump Account” for newborns - including how the account works and how best to manage one. Later - Get the lowdown on something we all need to protect ourselves from - cell phone sim swapping fraud. Trump Accounts: Segment 1 Ask Clark: Segment 2 Warning: Sim Swapping: Segment 3 Ask Clark: Segment 4 Mentioned on the show: Should You Start a 'Trump Account' for Your Child? What Is Umbrella Insurance and Do You Need It? How To Improve Your Credit Score in 5 Key Areas Credit Score Experts: How To Take Your Score from ‘Good’ To ‘Exceptional’ Axios: How Scattered Spider hackers are wreaking havoc on corporate America SIM Card Swapping: The Dangerous Cell Phone Scam Clark Howard's Guide to Saving Money on Your Wedding Are Money Market Funds a Safe Place To Stash My Savings? Clark.com resources Episode transcripts Community.Clark.com / Ask Clark Clark.com daily money newsletter Consumer Action Center Free Helpline: 636-492-5275 Learn more about your ad choices: megaphone.fm/adchoices Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Race the rudder, raise the sails, raise the sales!
0:05.0	Captain, an unidentified ship approaching. Over.
0:07.0	Roger that. Wait, is that an enterprise sales solution?
0:13.0	Reach sales professionals, not professional sailors.
0:17.0	With LinkedIn ads, you can target the right people by industry, job title, and more.
0:21.4	To get £100 off your first campaign, go to LinkedIn.com slash lead to claim your credit.
0:26.6	That's LinkedIn.com slash lead. Terms and conditions apply.
0:30.3	If you haven't tried Abercrombie denim yet, you're missing out. Denim should fit like this.
0:36.1	It's all about proportions.
0:40.6	Abercrombie has their classic fits and athletic fits for guys who want a little more room in the thigh.
0:43.1	When you find your staple fit,
0:45.3	it'll be the pair you reach for day after day for every plan.
0:49.3	Shop Abercrombie denim in the app, online and in store.
1:01.9	Music Rombie Denham, in the app, online, and in store. I'm so glad you're with us here on the Clark Howard Show. You know, our mission is to serve you
1:07.3	with advice and information that empowers you to make better financial decisions in
1:12.7	your life. And one thing I've been asked about repeatedly over the last month is whether a parent
1:20.2	should start a Trump account for their child. I'm going to give you what you need to know how
1:25.9	the rules of this work. And later, I'm going to give you what you need to know how the rules of this work.
1:33.4	And later, I'm going to give you something you need to be so careful of.
1:43.0	Cell phone sim swapping is ugly, ugly, ugly, and can wipe out your assets so fast. It's crazy. I'll explain how it all works. All right. So speaking of how it
1:49.0	works, the Trump accounts for a five-year period up till I think beginning of 29, a newborn child
1:57.8	is seated $1,000 by the federal government in a Trump account.
	...

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