{"id":287122,"date":"2026-05-01T18:00:38","date_gmt":"2026-05-01T22:00:38","guid":{"rendered":"https:\/\/futbolete.com\/us\/?p=287122"},"modified":"2026-05-01T18:00:38","modified_gmt":"2026-05-01T22:00:38","slug":"new-retirement-plan-trumpira-gov","status":"publish","type":"post","link":"https:\/\/futbolete.com\/us\/new-retirement-plan-trumpira-gov\/","title":{"rendered":"A New Private-Sector Retirement Plan Was Enacted in Washington: Millions of Americans to Benefit"},"content":{"rendered":"

President Donald Trump signed an executive order on April 30, 2026, directing the federal government to build a website \u2014 TrumpIRA.gov<\/strong> \u2014 where people who don\u2019t have a retirement<\/strong> plan through their job can shop around, compare options, and sign up for private-sector IRA accounts<\/strong>.<\/p>\n

The idea is to fill a gap researchers have been pointing out for years: tens of millions of private-sector workers<\/strong> don\u2019t have any structured way to save for retirement at work<\/strong>. The signing happened in the Oval Office.<\/p>\n

Executive Order to Launch New Retirement Plans<\/h2>\n

Trump framed it as giving ordinary workers a benefit similar to what federal employees have had for a long time. \u201cStarting next year, every American can go to TrumpIRA.gov<\/a> and open a new, low-cost IRA account<\/strong>,\u201d he said.<\/p>\n

\u201cYou\u2019ll then be able to access the same type of retirement accounts that federal employees enjoy<\/strong> through the Thrift Savings Plan, which is incredible.\u201d\u00a0The order directs the Treasury Department to have the site up and running by January. That\u2019s the same month a federal matching contribution program \u2014 called the Saver\u2019s Match<\/strong> \u2014 is scheduled to kick in.<\/p>\n

What the Saver\u2019s Match actually does<\/h2>\n

Just to be clear, the Saver\u2019s Match<\/strong> wasn\u2019t created by this executive order. It came from a law Congress passed in 2022, when Biden was president.<\/p>\n

What Trump\u2019s order does is instruct the executive branch to aggressively promote the program and help eligible workers connect to accounts where they can receive the match. The program provides up to $1,000 a year<\/strong> if you file individually, or up to $2,000 for married couples<\/strong> filing jointly.<\/p>\n

However, there are income limits. A single person earning under $20,500 gets the full match<\/strong>. The partial match phases in up to $35,500<\/strong>. For married couples, the cutoff is $71,000<\/strong>. To receive the government match, workers have to contribute up to $2,000 a year (or $4,000 for a couple) into a qualifying account \u2014 a 401(k), traditional IRA, Roth IRA, or an automatic IRA.<\/p>\n

The Treasury Department will also review the private-sector plans<\/strong> listed on the platform and issue guidance for private donors who want to contribute to workers\u2019 IRAs.<\/p>\n

How Many People Are We Talking About?<\/h2>\n

The numbers come from several sources. Pew Charitable Trusts published research in 2025 showing that roughly 56 million Americans don\u2019t have access to an employer-sponsored retirement plan<\/strong>. A White House fact sheet puts the number of workers between 18 and 65 without any employer plan at about 41 million.<\/strong><\/p>\n

The problem affects some groups more than others. AARP data indicates that an estimated 78% of businesses with fewer than 10 employees don\u2019t offer any retirement plan<\/strong>. Part-timers, independent contractors, self-employed individuals, and small business employees make up a large portion of the uncovered population. Nonwhite workers are among the most likely to lack access.<\/p>\n

The Economic Innovation Group found that about 26 million full- and part-time workers who qualify for a full or partial Saver\u2019s Match currently have no account or plan where they could receive the funds.<\/p>\n

What Happens Next \u2014 and What Congress Has to Do<\/h2>\n

The executive order also directs the White House to work with Congress on legislation to expand the income limits and the overall reach of the program.<\/p>\n

Kevin Hassett, director of the White House\u2019s National Economic Council, confirmed at the signing ceremony that raising eligibility for middle-income workers would require congressional action<\/strong>. \u201cWe\u2019re working with Congress to significantly expand this program and are looking forward to legislation this year,\u201d Hassett said.<\/p>\n

The White House released a projection showing the potential impact of consistent saving. A 25-year-old low-income worker who saves about $165 a month and qualifies for the full Saver\u2019s Match<\/strong> of around $1,000 per year could accumulate roughly $465,000 by age 65 \u2014 assuming a 6% annual return \u2014 of which approximately $155,000 would come directly from the government match.<\/p>\n

A Morningstar analysis estimated that if eligible workers were automatically enrolled in a federally supported plan, about 32.3 million workers would enter the retirement savings system, even after accounting for those who opt out.<\/p>\n","protected":false},"excerpt":{"rendered":"

President Donald Trump signed an executive order on April 30, 2026, directing the federal government to build a website \u2014 TrumpIRA.gov \u2014 where people who don\u2019t have a retirement plan through their job can shop around, compare options, and sign up for private-sector IRA accounts. The idea is to fill a gap researchers have been […]<\/p>\n","protected":false},"author":4,"featured_media":287123,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"format":"standard","override":[{"template":"1","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"hide","share_float_style":"share-monocrhome","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_date":"1","post_date_format":"custom","post_date_format_custom":"d\/m\/Y H:i","show_post_category":"1","show_post_reading_time":"0","post_reading_time_wpm":"300","post_calculate_word_method":"str_word_count","show_zoom_button":"0","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"1","number_popup_post":"1","show_author_box":"0","show_post_related":"1","show_inline_post_related":"1"}],"image_override":[{"single_post_thumbnail_size":"no-crop","single_post_gallery_size":"crop-715"}],"trending_post_position":"meta","trending_post_label":"Trending","sponsored_post_label":"Sponsored by","disable_ad":"0","subtitle":"A new initiative seeks to expand retirement options for millions of Americans, and it was just signed in in Washington"},"jnews_primary_category":[],"footnotes":""},"categories":[1],"tags":[41],"class_list":["post-287122","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finance","tag-retirement"],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/futbolete.com\/us\/wp-json\/wp\/v2\/posts\/287122","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/futbolete.com\/us\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/futbolete.com\/us\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/futbolete.com\/us\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/futbolete.com\/us\/wp-json\/wp\/v2\/comments?post=287122"}],"version-history":[{"count":1,"href":"https:\/\/futbolete.com\/us\/wp-json\/wp\/v2\/posts\/287122\/revisions"}],"predecessor-version":[{"id":287124,"href":"https:\/\/futbolete.com\/us\/wp-json\/wp\/v2\/posts\/287122\/revisions\/287124"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/futbolete.com\/us\/wp-json\/wp\/v2\/media\/287123"}],"wp:attachment":[{"href":"https:\/\/futbolete.com\/us\/wp-json\/wp\/v2\/media?parent=287122"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/futbolete.com\/us\/wp-json\/wp\/v2\/categories?post=287122"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/futbolete.com\/us\/wp-json\/wp\/v2\/tags?post=287122"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}