Trump proposes new retirement accounts for workers without 401(k)s

In his State of the Union speech Tuesday night, President Trump vowed to give private-sector workers without an employer-sponsored retirement plan access to new tax-advantaged accounts similar to those for federal employees. "My administration will give these often-forgotten American workers — great people, the people that built our country — access to the same type of retirement plan offered to every federal worker," he said. "We will match your contribution with up to $1,000 each year as we ensure that ...