So how would I help a younger version of me go out and, pardon the pun, jump start my career and get going where I could be an independent operator if I want to be. That's why I started this. So It looks like a 529 college savings plan in the manner that it functions because of its savings. And then you're not paying the capital gains tax on the dollars invested in. But differently is that it's not for school. It's for tools, equipment licenses, certifications and new business startup costs. But this account stays open in perpetuity. It's not like it shuts down. (05:13–05:26)
CLAIM
Asserts that the Jumpstart Savings Program functions like a 529 plan, offering capital gains tax benefits.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
