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New Executive Order Aims to Enhance Retirement Savings for Workers

KVIA•Thursday, April 30, 2026 at 7:36 PM•CNN Newsource

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President Donald Trump has signed an executive order aimed at improving retirement savings options for over 50 million low- and moderate-income workers lacking employer-sponsored plans. Starting next year, individuals without workplace retirement plans can access a new website, TrumpIRA.gov, to open low-cost IRA accounts similar to those available to federal employees. The initiative includes a federal Saver’s Match program for eligible earners, providing up to $1,000 in matching contributions for individuals earning less than $35,500 annually. This move is expected to significantly impact those currently without retirement savings options, as the administration seeks to work with Congress to broaden eligibility criteria.

Key Details: • Access to TrumpIRA.gov will begin next year for opening low-cost IRA accounts. • Saver’s Match available for individuals earning under $35,500, or $71,000 for couples. • Eligible savers can receive up to $1,000 in federal matching contributions. • The initiative aims to address retirement coverage gaps for millions of Americans.

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