Trump Proposes Universal Retirement Accounts with $1,000 Annual Match
TL;DR Summary
Trump unveiled a plan to create retirement accounts for Americans without employer-based plans, offering up to $1,000 per year in matching funds funded via a box on tax forms and linked to an expanded SECURE Act, with potential philanthropic contributions; the move aims to boost savings access as concerns mount over the Social Security trust fund running dry by 2033, though more action is still needed.
- Trump announces new retirement plan at State of the Union Axios
- Trump boasts of stock market rally, promises $1,000 retirement savings contributions Reuters
- Trump announces 401k match of up to $1,000 for those without employer contribution FOX 13 Tampa Bay
- Trump announces 401(k) for all: ‘We will match your contribution with up to $1,000 each year’ Fortune
- WATCH: Trump announces public retirement plan with federal match up to $1,000 at State of the Union PBS
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