President Trump Wants to Make a New Retirement Plan With Up to a $1,000 Match. Here's What It Could Look Like

President Trump Wants to Make a New Retirement Plan With Up to a $1,000 Match. Here's What It Could Look Like

Key PointsDuring his State of the Union address, President Trump announced an intent to create a new type of retirement plan.There are still a bunch of details to work out.The plan would offer up to a $1,000 government match to qualifying savers.The $23,760 Social Security bonus most retirees completely overlook › Saving enough for retirement is already a big challenge, but if you don't have access to a 401(k) or a similar account through your j…

Trump Promises Up to $1,000 Match With New 401(k) Option - Here's What You Need to Know

President Trump recently announced that he will launch a 401(k) plan with a $1,000 match to expand access to retirement plans for workers who don't have one.