Good news!
The positive legacy of President Trump is growing fast!
Whether such government retirement accounts are a good idea is another question!
"On Thursday in the Oval Office, Trump signed an executive order to open up government-backed retirement accounts to Americans who don’t have access to a 401(k) or similar workplace option, a group that now stretches into the tens of millions.
“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,” Trump said.
The target is clear: gig workers, freelancers, contractors, and small-business owners—people who aren’t plugged into traditional employer systems and often get left behind.
According to the Pew Research Center, about 56 million Americans fall into that category.
The structure is straightforward. Workers who meet income thresholds—under $35,500 for individuals, $53,250 for heads of household, and $71,000 for couples—would qualify for a federal match of up to $1,000 a year.
Trump pitched it as a long-overdue fix. ..."
No comments:
Post a Comment