Trump to sign order aimed at expanding access to retirement plans
The site will steer workers to low-cost private IRAs and could help about 50 million Americans without employer plans save for retirement.
- On Thursday, President Donald Trump signed an executive order launching TrumpIRA.gov, a new website designed to help workers without employer-sponsored retirement plans find private-sector options.
- Approximately 56 million U.S. workers lack retirement benefits through their jobs, leaving nearly half of private-sector employees without access to employer-sponsored plans.
- The website lets users filter private-sector retirement plans by cost and contribution, Semafor reported, while syncing with the Biden-era 'Saver's match' providing up to $1,000 in government matching contributions.
- Amid declining approval ratings on the economy, the administration launched this initiative to reassure voters anxious about the ongoing conflict in Iran and elevated costs of living.
- Retirement savings policy remains a rare bipartisan area, as National Economic Council Director Kevin Hassett previously advocated for similar private-sector plans during the Biden administration.
173 Articles
173 Articles
‘A significant leg up’: Trump creates new retirement option for workers who lack access to employer programs * WorldNetDaily * by Bob Unruh
Source link President Donald Trump has delivered more help to Americans, especially those in the lower income brackets, with an executive order allowing access to retirement plans for workers whose employers don’t provide one. It was the fulfillment of a promise Trump made during his State of the Union address. The plan’s impact is estimated to
'A significant leg up': Trump creates new retirement option for workers who lack access to employer programs * WorldNetDaily * by Bob Unruh
'Getting 56 million workers into an account with a real federal match is the largest potential expansion of retirement coverage since Social Security'
No 401k? Trump Expands Access To New Low-Cost IRAs For Every American Starting Next Year
President Donald Trump signed an executive order on Thursday to expand access to retirement savings accounts for Americans without employer-sponsored plans. The order calls for the creation of a new website, TrumpIRA.gov, where workers will be able to enroll in low-cost individual retirement accounts beginning next year. “Beginning at the start of next year, every American will be able to go to TrumpIRA.gov and open a new low-cost IRA account,” …
Trump talks to retirees in first outing since WHCA dinner shooting
President Donald Trump will address thousands of senior citizens in Florida about Social Security and retirement funding advancements during his first outing since the White House Correspondents’ Association dinner shooting. Trump signed an executive order on Thursday promoting low-cost retirement savings options. The order emphasized that many Americans do not have access to employer-sponsored retirement plans. President Donald Trump signs a…
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