Trump creates retirement accounts for those without 401Ks
President Trump has signed an executive order to establish retirement accounts for workers without access to employer-sponsored plans like 401(k)s. Each account will receive up to $1,000 in annual federal matching contributions. The policy could affect approximately 56 million Americans who currently lack workplace retirement plans.
- ▪President Trump signed an executive order to create retirement accounts for workers without 401(k)s or similar plans.
- ▪Each new retirement account will receive up to $1,000 in yearly federal matching contributions.
- ▪About 56 million Americans lack access to employer-sponsored retirement plans, according to Pew Research.
- ▪Trump stated the initiative fulfills a promise to extend federal employee-style retirement benefits to all Americans.
Opening excerpt (first ~120 words) tap to expand
Politics breaking Trump creates retirement accounts for those without 401Ks By Emily Goodin Published April 30, 2026, 3:20 p.m. ET President Trump has signed an executive order to create retirement accounts for workers who don’t currently have access to a 401(k) or another workplace plan. “I promised to make the same types of retirement accounts enjoyed by federal employees available to all Americans, and that’s what we’re doing. It only seemed fair,” he said during the signing ceremony in the Oval Office. The changes could impact 56 million Americans. REUTERS Each account would receive a yearly federal matching contribution of up to $1,000. About 56 million Americans lack access to an employer-sponsored retirement plan at work, according to Pew Research.
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