Trump Proposes New Retirement Savings Plan for Workers Without Employer Plans

President Donald Trump announced a new retirement savings plan during his State of the Union address aimed at millions of private-sector workers without employer-sponsored plans. Modeled after the federal Thrift Savings Plan, the proposal includes up to $1,000 in government matching contributions annually and offers low-fee, index-based investment options. The plan builds on the Biden administration's Secure 2.0 Savers Match program, with intended modifications for portability and philanthropic contributions, though detailed implementation remains unclear.