True Riches

Zack Gutches
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Where modern financial planning meets timeless biblical principles. On the show we'll share unique insights on biblical stewardship, psychology of money, investments, taxes, generosity, cash-flow, retirement planning, and more. Hosted by Zack Gutches, CPA, CERTIFIED FINANCIAL PLANNER®, and the Founder & Lead Financial Planner at True Riches Financial Planning. https://www.truerichesfp.com/ zackgutches.substack.com

Episodes

  1. 3d ago

    2. The Best Savings Accounts for Kids: Comparing 529’s, UTMA’s, Trump Accounts, and More.

    Every parent wants to provide meaningful opportunities for their children. But with so many different savings and investment accounts available, how do you know which ones make the most sense for your family? Should you prioritize a 529 college savings plan? Open a custodial UTMA brokerage account? Take advantage of the new Trump Accounts? Or simply keep the money invested in your own name? In this episode of the True Riches Podcast, Zack Gutches, CFP® and CPA, breaks down seven different accounts parents can save and invest for their children’s futures, exploring the tax advantages, limitations, financial aid implications, and practical considerations of each. Topics covered include: * The seven primary account types available for saving for children * How gift taxes work and the $19,000 annual gift tax exclusion * The advantages of 529 plans, including tax-free growth, qualified education expenses, and Roth IRA rollovers * Colorado’s 529 tax deduction and First Step matching program * How grandparents’ 529 accounts can affect college financial aid eligibility * UTMA accounts, the kiddie tax, and the trade-offs of irrevocable gifting * How the new Trump Accounts work, including their tax treatment and potential Roth conversion strategies * Why keeping investments in your own brokerage account may be an underrated option * The importance of balancing tax efficiency, financial flexibility, and responsible stewardship The takeaway: There isn’t one perfect account for every family. The right approach depends on your financial resources, goals for your children, and how much flexibility you want to preserve. At True Riches Financial Planning, we help families navigate decisions like these by blending modern financial strategies with timeless biblical principles. Learn more or schedule a complimentary introductory meeting at truerichesfp.com/contact. Timestamps and Chapters 00:00 Introduction 00:44 Why Parents Should Save for Their Kids 02:01 The Seven Types of Accounts 04:27 Roth IRAs and Trusts for Children 06:25 Gift Taxes and the $19,000 Annual Exclusion 09:22 529 College Savings Plans Explained 13:28 Expanded Uses and Roth IRA Rollovers 17:12 Colorado’s 529 Tax Benefits and Matching Program 19:18 Grandparent-Owned 529s and FAFSA 21:31 UTMA Custodial Brokerage Accounts 24:14 UTMA Tax Benefits and the Kiddie Tax 28:07 How UTMAs Affect Financial Aid 30:11 Trump Accounts Explained 32:29 Trump Account Tax Treatment 35:31 FAFSA and Roth Conversion Strategies 40:11 The Overlooked Option: Your Own Brokerage Account 42:42 Final Thoughts This podcast is intended for general financial education and should not be considered personalized tax, legal, or investment advice. This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit zackgutches.substack.com

    2. The Best Savings Accounts for Kids: Comparing 529’s, UTMA’s, Trump Accounts, and More.

  2. Oct 19

    1. Setting “Financial Finish Lines"— A Practical, Biblical Framework to Unlock Radical Generosity and Live with Greater Faithfulness, Impact, and Joy

    How much is enough? Without a thoughtful and intentional answer to that question, it’s easy to keep moving the goalposts as life evolves—earning more, saving more, and accumulating more without ever defining what we actually need. In this first episode of the True Riches Podcast, I introduce the concept of a financial finish line and a practical framework for setting both: * an annual spending finish line * a personal wealth finish line We’ll look at how these two numbers coincide to help Christians confidently balance spending, saving, taxes, family responsibilities, and generosity. I also walk through two hypothetical case studies—one for a mid 30’s family still accumulating wealth and another for a recently retired 60 year old couple—to show how setting a finish line can create the freedom and confidence to give more generously NOW rather than “someday”. Finally, I share a few practical best practices for setting, revisiting, and creating accountability around your own finish lines. In this episode: * Why “just a little bit more” can become a dangerous default * Spending vs. wealth finish lines * Planning for “the big 5” ticket items beyond the spending finish line: home improvements, cars, healthcare, college, and legacy * Two practical case studies * How finish lines can unlock radical generosity * Why accountability deeply matters The goal isn’t legalism or deprivation. It’s thoughtfully answering “how much do I truly need to keep?” so you can freely give away the rest more confidently and live with greater joy along the way. God and Money book: https://www.goodreads.com/en/book/show/28214181-god-and-money The Treasure Principle book: https://www.goodreads.com/en/book/show/34600.The_Treasure_Principle Finish Line Setting Tools: https://www.finishlinepledge.com/ Schedule Free Consultation with Zack at True Riches Financial Planning: https://www.truerichesfp.com/contact This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit zackgutches.substack.com

    1. Setting “Financial Finish Lines"— A Practical, Biblical Framework to Unlock Radical Generosity and Live with Greater Faithfulness, Impact, and Joy
  • 2 Episodes

About

Where modern financial planning meets timeless biblical principles. On the show we'll share unique insights on biblical stewardship, psychology of money, investments, taxes, generosity, cash-flow, retirement planning, and more. Hosted by Zack Gutches, CPA, CERTIFIED FINANCIAL PLANNER®, and the Founder & Lead Financial Planner at True Riches Financial Planning. https://www.truerichesfp.com/ zackgutches.substack.com

Information

  • Creator
    Zack Gutches
  • Years Active
    2026
  • Episodes
    2
  • Rating
    Clean
  • Copyright
    © Zack Gutches
  • Show Website
    True Riches