Will new ‘Trump IRAs’ really help the working class to retire?

President Donald Trump last week signed an executive order creating a new pathway for working class Americans to save for retirement. What will the “Trump IRAs” actually accomplish?

About 56 million Americans “lack access to an employer-sponsored retirement plan at work,” said CNBC. The president’s order in 2027 will create a new website, TrumpIRA.gov, where those workers can “research, compare and enroll in private-sector individual retirement accounts” on their own. Low-income working...