Happy Thursday! Here is your WealthKeel Weekly, or what we like to call "news you can use!"
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​What we read this week:

​Grandparents Should Be Very Careful Before Opening Trump Accounts ⚠️
​Trump Accounts are a new tax‑advantaged savings option for children, designed to help families invest early, with features such as a government seed contribution and long‑term growth. While grandparents are allowed to contribute to these accounts, strict IRS rules determine who can actually open them. Grandparents are generally last in the order of priority, meaning they can only open an account in limited situations - such as when the child is their dependent or when no parent, guardian, or adult sibling is considered “available,” a term that has not been clearly defined.

The bigger issue is the legal risk involved when opening the account. The person establishing it must certify under penalty of perjury that they are authorized to do so and that no higher‑priority individual is available, even though this requirement is not clearly explained on the form or website. This creates a situation where grandparents could unintentionally make an incorrect legal declaration without realizing it. Because of this ambiguity and lack of clarity in the rules, a more cautious approach is recommended - waiting for clearer guidance and instead focusing on contributing to accounts opened by parents or guardians.

Source: irahelp.com
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​7 Things That Happen When You Die Without a Will 📝
​When someone dies without a will, the state essentially decides how their assets are distributed through a process called intestate succession. This means a fixed legal formula, not personal wishes, determines who inherits what, which often leads to outcomes that don’t reflect real family dynamics. Spouses may have to share assets with children or other relatives, and people outside traditional legal definitions - such as unmarried partners, stepchildren, or close friends - typically receive nothing, regardless of the relationship.

Beyond distribution issues, dying without a will often creates delays, costs, and conflict for surviving family members. The estate must go through probate court, where a judge appoints someone to manage affairs, potentially leading to longer timelines, higher legal expenses, and disputes among heirs. Families may also face uncertainty around guardianship for minor children and reduced control over financial decisions during an already difficult time. The overall takeaway is that without a will, you lose control over both your assets and the handling of your legacy, leaving critical decisions to the state and the courts.

Source: moneytalksnews.com
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​Creative Pursuits Can Slow Aging as Much as Exercise 🎨
​Creative activities like painting, music, dancing, or even visiting museums may play a much bigger role in healthy aging than most people realize. New research shows that regularly engaging with the arts is linked to a slower pace of biological aging, as measured by changes in DNA. People who participate in creative or cultural activities more often tend to have “younger” biological ages, with the impact increasing as engagement becomes more frequent - from occasional participation to monthly or weekly habits.

What makes this finding especially notable is that the effect appears comparable to well‑known health habits like exercise. Researchers found that the difference in aging speed between people who frequently engage in the arts and those who rarely do is similar to other major lifestyle factors, highlighting creativity as a legitimate health behavior. Possible explanations include reduced stress, lower inflammation, and stronger cognitive stimulation, all of which support brain and overall health. The takeaway is that creative engagement isn’t just enjoyable - it may function as a meaningful tool for maintaining both mental and physical vitality as you age.

Source: everydayhealth.com
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🧩 The WealthKeel Wordle! Click here → WK Wordle to play. The clue this week is: “Everyone needs one.”
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A random note or thought for the week:

Hot mess (emotionally and weather-wise in FL 🥵) express this week over here! 🎉 Ryker just wrapped up 2nd grade, X finished Kindergarten, and our little Z turns 4 tomorrow. 😭

We’re heading to Orlando to celebrate another fantastic school year, then straight to Peppa Pig Land to make the newest 4-year-old’s birthday extra special. Summer break has officially begun for the Chubb family! 🎉

We continue to receive wonderful feedback from all of you on these mini weekly market updates — thank you! As always, if you have any suggestions (what you love, what you’d change, or topics you’d like to see), please let us know. We’re building the WealthKeel Weekly around you. 🫶

It’s been a bit of a mixed bag this week after recent record-setting runs. The major indexes showed resilience amid ongoing Iran-related developments, with oil prices easing on progress in peace talks but volatility persisting due to geopolitics and yields. Markets remain near highs after strong momentum, and as of Wednesday (late afternoon), the Dow pushed toward fresh records while tech and broader indices traded more mixed.

Key Index Performance (as of Wednesday intraday):

• Dow Jones Industrial Average: Strong showing. Closed around 50,580 on Tuesday (up notably for the week), and added points Wednesday morning to flirt with new highs near or above 50,660. It’s demonstrating resilience and leading the way.
• S&P 500: Near records, closing around 7,519 on Tuesday (new or near highs recently) before trading little changed to slightly softer on Wednesday. Still solidly above 7,000 and up strongly YTD (in the 9-10%+ range recently).
• Nasdaq Composite: Tech-driven moves, closing around 26,344-26,600+ range recently with gains earlier in the period. It faced some rotation/profit-taking but remains up significantly YTD (double-digits). Wednesday saw some choppiness.

Broader Context: This follows a powerhouse stretch with multiple weekly gains and records, including the S&P’s extended winning streak. Volatility has been present with the 10-year Treasury yield around 4.48-4.50% (easing somewhat but still elevated vs. earlier in the year). Oil has eased on truce/peace headlines related to Iran but stays higher than pre-conflict levels amid uncertainty.

What’s Driving the Action?

• Inflation & Yields: April CPI came in at 3.8% y/y (hotter than prior months), driven heavily by energy jumps from the Iran situation. This has tempered some rate-cut expectations and kept pressure on bonds.
• Geopolitics: Mixed signals on US-Iran talks and potential Strait of Hormuz reopening have driven oil swings—prices pulled back on optimism but remain sensitive to any setbacks or headlines. Markets have shown resilience overall.
• Sector Notes: Energy sensitive to oil moves; tech and chips saw strength (e.g., Micron surge) alongside AI enthusiasm, with some rotation and profit-taking elsewhere. Broader participation evident.

The fundamentals—corporate earnings resilience, AI tailwinds—continue to support the backdrop, but higher-for-longer yields, energy volatility, and geopolitics underscore the need for diversification and a long-term focus. We’ll watch Fed communications, upcoming data, and any updates on Iran closely.

Here’s to a solid finish to the week and continued perspective in volatile times!
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Have a wonderful rest of your week, and an awesome weekend! 😁
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Have a great day,
Your WealthKeel Team
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​Disclosures​