Trump executive order aims to expand retirement account access for millions

Stay up to date with notifications from The IndependentNotifications can be managed in browser preferences.Jump to contentThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged inAllNewsSportCultureLifestyleThis timing aligns with the introduction of a ‘saver's match’ for low-income workers (Getty Images)US President Donald Trump has signed an executive order aimed at expanding access to retirement plans for workers who currently do not have employer-sponsored options.As part of the initiative, the US Treasury Department is set to launch a new online platform, TrumpIRA.gov, by January to facilitate these expanded retirement savings opportunities.The timing of this executive order coincides with the introduction of a "saver's match" for low-income workers, a measure originating from legislation enacted under the Biden administration.This "saver's match," stemming from the Secure 2.0 legislation passed in 2022, upgrades an existing credit to a refundable match of 50% up to $1,000, directly deposited into eligible workers' accounts.The move addresses a significant issue where nearly half of private sector workers in the US, approximately 56 million individuals, currently lack retirement benefits through their employment, according to a 2025 report.In fullTrump is expanding access to retirement plans for millions of Americans with new executive orderThank you for registeringPlease refresh the page or navigate to another page on the site to be automatically logged inPlease refresh your browser to be logged in

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