Analysis: How to Fix America's Broken Retirement System

Three past presidents have tried in vain to fix America’s woefully underfunded retirement system. Presidents Bill Clinton, George W. Bush and Barack Obama tried to push retirement plans through Congress. All of them failed, most recently President Obama’s plan, which was to be called the Retirement Enhancement and Savings Act, died in Congress when President Trump took office. Trump currently has no plan to fix America’s retirement system. Messages to his office from USA Today were not returned. Trump plans to overhaul America’s tax system, but the 401(k) was not changed as part of any recent House Republican bill on taxes.