Trump pitches universal retirement accounts for workers without 401(k)s

In his State of the Union address, Trump proposed new government-backed retirement accounts for the roughly 56 million Americans without employer-sponsored plans, modeled on the federal Thrift Savings Plan with a government match up to $1,000 per year. The plan would be portable and could attract private philanthropy, expanding provisions from Secure Act 2.0. Experts see potential to close the retirement gap but question funding and whether it will reach those most in need, with many workers still far from retirement readiness even with existing plans.