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President Trump Signs Executive Order to Expand Retirement Account Access for Workers

President Trump Signs Executive Order to Expand Retirement Account Access for Workers

President Donald Trump has signed an executive order to create a new government website, TrumpIRA.gov, aimed at providing retirement savings options for workers without employer-sponsored plans. This initiative, announced on April 30, 2026, will allow workers to compare and enroll in private-sector IRA accounts, with the federal government offering a matching contribution of up to $1,000 for eligible low-income individuals. The executive order is part of the federal Saver's Match program, which is set to begin in 2027, and aims to provide similar retirement plan access to that of federal employees. The order also instructs the White House to collaborate with Congress to propose legislation to expand the coverage and savings credit.
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President Trump Signs Order to Expand Access to Retirement Savings Plans with New Federal Match

President Trump Signs Order to Expand Access to Retirement Savings Plans with New Federal Match

President Donald Trump has signed an executive order to create a government website, TrumpIRA.gov, to help U.S. workers find and compare private-sector retirement savings accounts. This initiative aims to assist approximately 50 million workers without employer-sponsored retirement plans, in preparation for a new federal matching contribution program starting next year. The Saver’s Match, introduced under President Joe Biden, will provide up to $1,000 in matching contributions for low-income workers. Trump's order seeks to expand access to these benefits and potentially increase the income threshold for eligibility.
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President Trump Signs Executive Order to Expand Retirement Plan Access for Workers

President Trump Signs Executive Order to Expand Retirement Plan Access for Workers

President Donald Trump has signed an executive order aimed at expanding access to retirement savings plans for workers who do not have employer-sponsored plans. The initiative, announced on April 30, 2026, introduces a new government website, TrumpIRA.gov, which will allow individuals to open low-cost IRA accounts. This move is designed to address the retirement coverage gap affecting over 50 million low- and moderate-income workers in the private sector. The executive order also includes provisions for a federal Saver’s Match, offering up to $1,000 in federal contributions for eligible low-income workers saving up to $2,000 annually in qualified retirement plans.
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Trump to sign order aimed at expanding access to retirement plans

Trump to sign order aimed at expanding access to retirement plans

WASHINGTON, April 30 (Reuters) - U.S. President Donald Trump will sign an executive order on Thursday aimed at expanding access to retirement plans for workers without employer access through a new website, a White House official said. Semafor first reported on the order, saying it directs the U.S.
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President Trump Introduces Retirement Accounts for Workers Without 401(k)s

President Trump Introduces Retirement Accounts for Workers Without 401(k)s

President Trump Introduces Retirement Accounts for Workers Without 401(k)s
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President Trump Signs Executive Order for TrumpIRA, Expanding Retirement Savings Options

President Trump Signs Executive Order for TrumpIRA, Expanding Retirement Savings Options

President Trump Signs Executive Order for TrumpIRA, Expanding Retirement Savings Options
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TrumpIRA.gov to Launch for Expanded Retirement Plan Access

TrumpIRA.gov to Launch for Expanded Retirement Plan Access

President Trump is set to sign an executive order to launch TrumpIRA.gov, a new initiative aimed at expanding retirement plan access for workers without employer-sponsored benefits. The website, expected to go live by January, will facilitate access to retirement savings plans, particularly for low-income workers eligible for a 'saver’s match' under the Secure 2.0 legislation. This initiative builds on previous efforts to enhance retirement security and addresses a significant gap in retirement savings access for millions of U.S. workers.
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President Trump to Sign Executive Order Expanding Retirement Savings Access for Workers

President Trump to Sign Executive Order Expanding Retirement Savings Access for Workers

President Donald Trump is set to sign an executive order on April 30, 2026, aimed at expanding access to retirement savings for workers whose employers do not offer 401(k)-type plans. The order will establish a new website, TrumpIRA.gov, allowing workers to enroll in private-sector retirement plans. This initiative coincides with the Saver’s Match, a program from the Biden administration that provides up to $1,000 annually in matching retirement contributions for lower-income workers. The TrumpIRA plan seeks to increase the number of American workers saving for retirement, addressing the issue that many full-time and part-time workers lack access to employer-sponsored retirement savings plans.
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President Trump Launches TrumpIRA.gov to Boost Retirement Savings

President Trump Launches TrumpIRA.gov to Boost Retirement Savings

President Donald Trump has signed an executive order to create TrumpIRA.gov, a website designed to help workers without employer-sponsored retirement plans access private-sector options. The initiative is part of a broader effort to enhance retirement savings through the Saver’s Match, which offers up to $1,000 in matching contributions for eligible low-income workers. The executive order aims to address the retirement savings gap affecting millions of Americans and is expected to be operational by January 2027.
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President Trump Expands Retirement Savings Access with New Executive Order

President Trump Expands Retirement Savings Access with New Executive Order

President Trump has signed an executive order to expand access to retirement savings accounts, targeting millions of American workers who lack employer-sponsored plans. The order establishes TrumpIRA.gov, a government website where individuals can compare private-sector retirement plans. This initiative complements the Federal Saver’s Match program, set to begin in 2022, which offers a match of up to $1,000 for lower-income workers. The administration aims to work with Congress to expand eligibility for the Saver’s Match to higher-income workers. The website, launching in January 2027, will allow all Americans to browse and enroll in 'high-quality, low-cost' IRA plans, particularly benefiting independent contractors, part-time workers, small business employees, and self-employed individuals.
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President Trump Signs Executive Order to Expand Retirement Savings Access for Workers

President Trump Signs Executive Order to Expand Retirement Savings Access for Workers

President Donald Trump has signed an executive order aimed at expanding access to retirement savings accounts for millions of American workers who currently lack employer-sponsored plans. This initiative targets the 'retirement coverage gap' affecting over 50 million private-sector workers, particularly those with low to moderate incomes. These individuals often do not have access to traditional pensions or employer-sponsored retirement savings options. The executive order proposes the creation of a federal website, TrumpIRA.gov, which will allow workers to open low-cost individual retirement accounts. These accounts are designed to mirror the federal government's Thrift Savings Plan and will be available starting next year. The initiative has been welcomed by trade groups in the financial services industry, who see it as an opportunity to serve more Americans with life insurance and annuity products.
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President Trump Signs Executive Order for TrumpIRA, Expanding Retirement Savings Options

President Trump Signs Executive Order for TrumpIRA, Expanding Retirement Savings Options

President Trump has signed an executive order to create TrumpIRA.gov, a new marketplace for retirement accounts aimed at workers without employer-sponsored plans. The initiative allows single taxpayers with modified adjusted gross incomes of $20,500 to receive a 50% contribution match up to $1,000 annually. The program integrates with the Savers' Match, established under the Secure 2.0 legislation. The executive order aims to provide more Americans with access to retirement savings tools, including IRAs, annuities, and mortgage refinancing options, to enhance financial security in retirement.