Trump's government-funded retirement plan misses the point
3 Articles
3 Articles
Trump's government-funded retirement plan misses the point
President Donald Trump and Congress want to help you increase your savings. And you should. At the household level, saving is the foundation of financial security and the seed capital for a better retirement. At the economy-wide level, savings fund investment that expands the capital stock, raises wages, and grows the economy. A society that does not save is a society slowly consuming its future. So, any politician who wants to help Americans sa…
Trump Says a $465,000 Nest Egg Makes You 'Rich.' Retirement Pros Disagree
President Donald Trump signed an executive order last week expanding access to retirement savings plans for workers without employer-sponsored 401(k)s. Then he put a number on it: During an Oval Office event, Trump bragged that a participant in a plan through TrumpIRA.gov could amass an estimated $465,000 nest egg. “In other words, they’ll be rich,” he said. “And there’s something awfully nice about that.” Must Read Warren Buffett on Market Vol…
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