Browsing Tag
Trump Accounts
21 posts
Treasury Department Pins BNY, Robinhood for Trump Account Management
The two financial institutions are the first to join the Trump Accounts program
4 Million Children Signed Up for Trump Accounts: IRS
New data reveals 1 million have claimed the $1,000 pilot program contribution
Rise of AI Could Widen Wealth Gap Unless Investing Access Expands: BlackRock’s Fink
Annual Chairman’s Letter urges expansion of retirement savings, early investing pathways, and private market access to ensure more individuals benefit from the next wave of economic growth
Empower to Support Trump Account Rollovers
Recordkeeper plans to act as rollover custodian for new 530A savings vehicle with details to come after federal guidance
Trump Accounts Take Shape with New Treasury, IRS Guidance Today
Proposed regulations on account elections and a $1,000 pilot contribution program will open public comment periods starting Monday
Few Employers Consider Offering Trump Accounts
Over half do not expect to move forward with Trump Accounts in the near-future, Mercer findings show
Trump Floats New Retirement Plan for Workers Without 401(k)s During State of the Union
Absent details, President Trump announces that next year workers will be given “access to the same type of retirement plan offered to every federal worker” with federal matching contributions up to $1,000 per year
Trump Accounts Not Subject to ERISA: Industry Wants Certainty
In comments to Treasury and the IRS, organizations sound off on how the new accounts can be implemented efficiently
The Businesses and Billionaires Promising Trump Account Contributions
Numerous organizations and philanthropists have come out in recent weeks and days with pledges to contribute to the federal retirement savings vehicle
JPMorganChase Pledges $1K Contribution to Trump Accounts
The firm joins Russell Investments, the ICI, and philantrophists who have committed to matching federal government contributions