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 an individual retirement account (IRA) through their employer will receive a yearly federal matching contribution of up to $1,000 each, the president noted.
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