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Trump signs executive order on retirement accounts, offering up to $1,000 match

Business Insider·Noah Sheidlower·about 1 month ago
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President Donald Trump signed an executive order broadening some workers' access to retirement plans. yle Mazza/NurPhoto President Donald Trump signed an order Thursday expanding retirement access. The order offers up to a $1,000 retirement match for lower-income workers who don't have an employer plan. The site TrumpIRA.gov is expected to launch for private-sector retirement enrollment. President Donald Trump signed an executive order on Thursday designed to broaden workers' access to retirement plans if their employers don't supply them. As part of the executive order, the Trump administration announced plans to match contributions to a retirement plan for up to $1,000 a year for eligible lower-income workers who lack an employer-provided retirement plan . The executive order builds on the Saver's Match of the SECURE 2.0 Act , which gives workers a 50% refundable match on up to $2,000 annually in retirement contributions for eligible workers making under $35,500 and will go into effect in January 2027.…

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