Trump announces new retirement accounts for Americans without 401(k) plans. Here's what to know.

February 25, 2026

TL;DR

President Trump proposed new retirement accounts for Americans without employer-sponsored savings plans.
The plan aims to address the "gross disparity" in the current retirement system affecting roughly 56 million people.
The proposed accounts would be modeled after the federal Thrift Savings Plan.
The U.S. government may provide a match of up to $1,000 per year for these new accounts.
This initiative expands upon the Secure Act 2.0, signed by President Biden in 2022.
Data indicates millions of Americans have minimal retirement savings, with the average worker having less than $1,000 saved.
Some experts expressed concerns about the funding mechanism and the potential impact on the retirement crisis.

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