Who Benefits From Trump’s 401(k) Plan (and Who Won’t)

During President Donald Trump’s Feb. 24 State of the Union address, he lamented the gap in the United States’ retirement system. Specifically, he noted that there are approximately 56 million citizens who have no employer-sponsored savings plans (in which retirement savings are bolstered with matching contributions from an employer). Be Aware: 9 Wealth-Building Shortcuts Proven To Add $1K to Your Wallet This Month  Learn More: 8 Clever Ways Retirees Are Earning Up To $1K per Month From Home  Calling this gap a “gross disparity,” Trump announced a government solution to the problem. Trump’s 401(k) Plan Per CBS News, Trump’s plan is essentially…

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