Menu

Post image 1
Post image 2
1 / 2
0

Trump creates retirement accounts for those without 401(k)s

New York Post·Emily Goodin·about 1 month ago
#PecUn1Jt
Reading 0:00
15s threshold

WASHINGTON — President Trump has signed an executive order to  create retirement accounts for tens of millions of 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. Low-income earners without a retirement plan through their employer will receive a yearly federal matching contribution of up to $1,000 each, the president noted. The changes could impact 56 million Americans. REUTERS That designation applies to individuals making less than $35,500 annually, or couples making $71,000 each year jointly, Semafor reported. About 56 million Americans lack access to an employer-sponsored retirement plan at work, according to Pew Research.…

Continue reading — create a free account

Join HashtagPLUS to read full articles, follow hashtags, vote, and join the conversation.

Read More