Fact Sheet: President Donald J. Trump Expands Retirement-Savings Access for American Workers by Establishing TrumpIRA.gov

President Donald J. Trump has signed a landmark Executive Order aimed at expanding retirement security for the millions of Americans who lack access to employer-sponsored savings plans. The order establishes a new federal marketplace, TrumpIRA.gov, and implements a federal matching program to help lower- and middle-income workers build long-term wealth.Here are the key components of the President’s retirement initiative:By January 1, 2027, the Department of the Treasury will launch TrumpIRA.gov, a digital platform designed for the 41 million American workers (including independent contractors, part-time employees, and the self-employed) who do not have a 401(k) at work.A Private-Sector Marketplace: The site will allow workers to compare and select high-quality, low-cost IRAs from private financial institutions.Portability: These accounts are designed to be "portable," meaning they stay with the worker regardless of their employment status.To encourage consistent saving, the order leverages the Federal Saver’s Match to provide a direct financial incentive for workers:Impact of Compounding: The administration highlights that a 25-year-old low-income saver qualifying for the match could see their retirement nest egg grow to $465,000 by age 65, with roughly one-third of that total coming directly from the federal match.In a "first-of-its-kind" move, the President has directed the Treasury and IRS to clarify rules allowing philanthropists and tax-exempt organizations to contribute to IRAs on behalf of workers. This policy aims to unlock a new source of retirement support from the private charitable sector to help supplement worker savings.The administration frames this Executive Order as the latest in a series of "America First" economic victories designed to increase the "take-home pay" and net worth of American families:Stock Market Growth: The President noted that in his first year back in office, the average 401(k) balance increased by over $24,000.Tax Relief: The report highlights the "No Tax on Tips," "No Tax on Overtime," and "No Tax on Social Security" policies which have benefited millions of workers and seniors.The Next Generation: Nearly five million children have already claimed "Trump Accounts," a newborn savings initiative established under the One Big Beautiful Bill Act.Deregulatory Savings: The administration estimates that its 2025 deregulatory agenda saved the average family of four roughly $2,500 in hidden costs and red tape.The goal of the Executive Order is to ensure that the "power of compounding" and economic growth are accessible to every worker in the country, not just those with corporate benefits. By combining a digital marketplace with a $1,000 federal match, the President intends to create a permanent, high-quality retirement path for the nation's "unstoppable workforce."1. Launching TrumpIRA.gov2. The Federal Saver’s Match3. Philanthropic and Charitable Partnerships4. Part of a Broader "Wealth-Building" AgendaConclusion