Here’s How Trump Could Boost Your Retirement Savings With Annual Match

President Trump announced a new public retirement plan with federal contributions to ensure all Americans profit from stock market gains.

Starting next year, the federal government will match up to $1,000 in contributions annually in new public retirement accounts available to all American workers, Trump said during his State of the Union address Tuesday night.

“We have millions and millions of people, ‘cause the stock market has done so well, hitting all those records, your 401ks are way up – yet half of all working Americans still do not have access to a retirement plan with matching contributions from an employer,” the president said.

“To remedy this gross disparity, I am announcing that next year, my administration will give these oft forgotten American workers — great people, people who built our country — access to the same type of retirement plan offered to every federal worker.”