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Trump Signs Executive Order to Boost Retirement Savings

capitolPresident Donald Trump on Friday signed an executive order aimed at boosting retirement savings by giving Americans more time to keep their money in tax-deferred accounts and allowing small businesses to band together to offer 401(k)s. Trump described the order as a “very bold action to lower the costs of retirement plans so that they can become an affordable option for businesses of all sizes.”

The order, which the president signed at an event in Charlotte, N.C., calls on the Treasury Department to review its rules for mandatory withdrawals from 401(k) plans and individual retirement accounts, or IRAs.


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