During his State of the Union address on Feb. 24 President Donald Trump pledged to protect Social Security and Medicare. He proposed a new savings plan for millions of private-sector workers who have no employer-sponsored retirement plan.
“Half of all working Americans still do not have access to a retirement plan with matching contributions from an employer. To remedy this gross disparity, I’m announcing that next year, my administration will give these oft-forgotten American workers access to the same type of retirement plan offered to every federal worker. We will match your contribution with up to $1,000 each year.”
