Trump’s new executive order on retirement accounts—Everything you need to know

US President Donald Trump ordered the launch of a new website, TrumpIRA.gov, where workers can research, compare, and enroll in private-sector retirement plans.

Trump signed an executive order Thursday to create a new way to save for retirement for workers who don’t currently have access to a 401(k) or another workplace plan.

The website aims to help workers enroll in private-sector IRA accounts through which, if eligible, they could collect a matching contribution from the federal government.

Trump floated the idea of expanding access to retirement accounts for employees without workplace plans during his State of the Union address in February.

Trump’s accounts will integrate with the Saver’s Match, worth up to $1,000 per year for eligible taxpayers.

Roughly 56 million Americans lack access to an employer-sponsored retirement plan at work, according to 2025 research from the Pew Charitable Trusts, an independent public policy nonprofit.

“You’ll then be able to access the same type of retirement accounts that federal employees enjoy through the Thrift Savings Plans, which are incredible, as part of the federal Saver’s Match program,” Trump said at a White House press conference. “Low-income Americans will be eligible to receive up to $1,000 per year in matching funds deposited directly into their accounts.”

Semafor first reported on the order, saying it directs the U.S. Department of Treasury to launch the website—called TrumpIRA.gov—by January, when low-income workers are set to receive a “saver’s match” through legislation passed under former Democratic President Joe Biden.

Trump touted the government contributions in his State of the Union address in February and has frequently heralded ongoing gains on Wall Street even as concerns over the impact of the ongoing war in Iran and his tariff policy hang over the economy.

Previously, the Secure 2.0 legislation passed in 2022 upgraded an existing “saver’s credit” for workers making less than $35,000 to ‌a refundable “saver’s match” of 50% up to $1,000 deposited directly into the saver's account.

According to the Semafor report, under the planned new website, the Treasury Department will not partner with specific financial institutions as it did with its Trump Accounts for certain children, although it will vet the plans offered.