A new executive order signed by President Donald Trump is setting up a nationwide push to bring millions of Americans into retirement savings accounts, with a structure that combines federal incentives and private-sector plans.
The plan centers on a new platform, TrumpIRA.gov, scheduled to launch in January 2027. Through the site, individuals will be able to browse and enroll in IRA options offered by private financial institutions.
The focus is on workers who currently lack access to employer-sponsored retirement plans—particularly independent contractors, part-time employees, small business workers, and the self-employed. An estimated 41 million Americans fall into that category.
Eligibility for the program is broad. Any American will be able to use the platform, but the financial benefits are targeted based on income.
The key incentive comes through the Federal Saver’s Match. Individuals earning $20,500 or less in modified adjusted gross income can receive a federal match of up to $1,000. The formula is straightforward: the government matches 50% of the first $2,000 contributed annually to a qualifying IRA or workplace retirement plan.
For those earning above that level—up to $15,000 more—the match phases down. Joint filers qualify under a higher income range, between $41,000 and $71,000, with a maximum match of $2,000.
The executive order also introduces a less typical element: outside contributions. Philanthropic organizations and tax-exempt groups will be allowed to contribute to individuals’ retirement accounts. Federal agencies have been directed to clarify how those contributions will be treated for tax purposes, signaling an attempt to draw in additional funding beyond personal savings and government matches.
Importantly, enrolling through TrumpIRA.gov is not strictly required to receive the federal match. Individuals who contribute to any qualifying IRA can still access the benefit, provided their account is eligible to accept the government contribution. The platform will highlight which financial institutions meet that requirement.
The structure relies on a mix of incentives rather than mandates—encouraging participation through matching funds and expanded access, while leaving the actual account management to private providers.
