Trump Signs Executive Order to Create New Retirement Accounts for Workers Without 401(k)s
President Trump signed an executive order to establish new tax-advantaged retirement accounts for workers without employer-sponsored plans, directing the Treasury Department to create an online marketplace. The initiative allows individuals earning up to $35,500 and married couples up to $71,000 to receive up to $1,000 in government matching funds. The move aims to address the retirement savings shortfall affecting many American workers.
Topics: executive order financial policy government programs retirement accounts workers' savings