Trump Issues Executive Order to Expand Access to Retirement Savings Plans

In Brief

The order aims to address retirement security by helping workers without employer plans find and compare private-sector options.

Key Facts

• President Donald Trump has issued an executive order related to retirement savings plans.
• The order is intended to create access to retirement plans for workers whose employers do not offer them.
• A new government website will be developed to allow people to find and compare private-sector retirement accounts.
• The timing of the order coincides with the introduction of a 'saver's match' for low-income workers.
• The initiative builds on promises made during Trump's State of the Union address to improve retirement security.

What Happened

President Trump signed an executive order to expand access to retirement savings plans, including a new government website for comparing private-sector accounts.

Why It Matters

Millions of Americans without employer-sponsored retirement plans may gain easier access to savings options, potentially improving retirement security for low-income workers.

What's Next

Implementation details, including the launch of the government website and specifics of the 'saver's match,' are expected to be announced as the order is put into effect.