Trump orders website to expand retirement account access
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Washington — On Thursday, President Donald Trump signed an executive order directing the Treasury Department to create a government website, TrumpIRA.gov, to help Americans find and compare private-sector retirement savings accounts and expand access for workers without employer-sponsored plans ahead of a federal Saver’s Match program scheduled to begin in January.
Starting in January, the Saver’s Match, established by 2022 legislation, will provide matching contributions up to $1,000 for qualifying low-income workers; officials estimate roughly 50 million people lack employer plans. The order instructs Treasury to launch TrumpIRA.gov and encourages enrollment in IRAs and comparable private plans, with agency implementation and public outreach set in motion this week.
More context
Timeline
- 1. 2022: Congress passed legislation establishing the Saver’s Match federal program.
- 2. 2022–2025: Rulemaking and administrative planning defined eligibility and program mechanics.
- 3. May 1 (this week): President Trump signed an executive order directing Treasury to launch TrumpIRA.gov.
- 4. Treasury begins implementation and outreach preparations following the executive order.
- 5. January (next year): Saver’s Match matching contributions are scheduled to begin.
Why it matters
This move could help you save for retirement, especially if you don't have an employer-sponsored plan. The new website, TrumpIRA.gov, will let you compare private savings accounts. Starting January, the Saver's Match program could match contributions up to $1,000 for qualifying low-income workers.
Sources
JQJO Editorial Desk · Human reviewed · AI assisted. Report a correction.
