Trump Proposes $1,000 Annual Retirement Savings Match

President Trump announced a retirement plan offering a government match of up to $1,000 annually. The program targets millions without employer-sponsored plans.

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During his State of the Union address, President Donald Trump introduced a new initiative aimed at bolstering retirement savings for tens of millions of citizens across the United States. The program is specifically designed to provide a retirement vehicle for workers who currently lack access to employer-sponsored plans, featuring a government-backed contribution match of up to $1,000 annually.

President Donald Trump speaks at the U.S. Capitol during his State of the Union address on February 24, 2026. REUTERS/NATHAN HOWARD
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