News & Investment Updates From Bluegrass Legacy Advisors

When the One Big Beautiful Bill Act (OBBBA) was signed into law July 4, 2025, it introduced a new type of savings program for children. While informally referred to in some media as “Trump Accounts,” it’s important to focus on the program’s structure and potential benefits, rather than nickname.

If you, a friend, or a family member recently had a child — or is expecting — this new savings vehicle may be worth considering. Even if this vehicle isn’t relevant to your situation, one of its key attributes — harnessing the power of saving early — provides a good reminder for us all.

As a business owner, planning your future means knowing two critical numbers:

1. Your value gap
2. Your wealth gap

These numbers help clarify where you are today, where you want to be, and the steps needed to align your business and personal finances with your long-term goals.

The wealth gap is the difference between your current net worth and the net worth you may need to support your desired lifestyle and goals once you’re no longer working.

The value gap is the difference between the current value of your business and its potential  value if it were optimized at a  “best in class” level within its industry.