4 days ago
On Tuesday, President Donald Trump announced a new retirement plan from next year for Americans without 401(k)s or other employer-sponsored retirement accounts, which will give them “access to the same type of retirement plan offered to every federal worker.”
In the 2026 State of the Union address, Trump called the gap in retirement accounts a “gross disparity” and said, “We will match your contribution with up to $1,000 each year as we ensure that all Americans can profit from a rising stock market.”
The new proposal is likely an extension of the Biden-era SECURE Act, which aimed to provide up to $1,000 in matching funds for workers with existing retirement accounts. The administration now plans to create new accounts also for those without one, starting next year.
Retirement Overhaul Gains Urgency
Notably, in December, ...
