TrumpIRA – Retirement Savings Accounts for American Workers

On April 30, 2026,, President Trump signed an Executive Order similar to the savings accounts for children – but this – the TrumpIRA – is for eligible American workers – a retirement-saving account.

Here is the Executive Order – followed by a Fact Sheet. Accounts are targeted to go “live” in January of 2027:

PROMOTING RETIREMENT-SAVINGS ACCESS FOR AMERICAN WORKERS BY ESTABLISHING TRUMPIRA.GOV

“By the authority vested in me as President by the Constitution and the laws of the United States of America, and to ensure that every American worker has access to a simple, portable, low-cost retirement-savings option, it is hereby ordered:

Section 1.  Policy.  Tens of millions of Americans lack access to employer-sponsored retirement plans.  Workers in small businesses, part-time workers, independent contractors, and self‑employed workers face unnecessary barriers to saving for retirement.  My Administration intends to give these often-left-out American workers access to the same type of retirement-savings opportunities offered to every Federal worker and to establish an easy and transparent way for eligible workers to obtain up to a $1,000 match for their savings.  Hard-working Americans deserve retirement security in portable savings vehicles that offer access to low-cost investments similar to those offered to Federal workers in the Thrift Savings Plan.

It is the policy of the United States to promote high-quality, low-cost individual retirement accounts (IRAs) offered by private-sector financial institutions that meet objective standards of cost, transparency, and fiduciary responsibility.

It is further the policy of the United States to increase public awareness of the Federal Saver’s Match enacted in the bipartisan SECURE 2.0 Act (Public Law 117-328, Division T) and to facilitate participation in eligible retirement-savings vehicles that provide diversified, index-based investment options.

Through a federally administered retirement-savings informational platform that highlights qualifying high-quality, low-cost, private-sector IRAs, the United States will promote retirement-savings participation, provide access to retirement-savings options similar to those enjoyed by Federal employees, and encourage workers to reap the rewards of the vibrant American private-sector along with the power of compound earnings.

Sec. 2.  Establishment of TrumpIRA.gov.  (a)  The Secretary of the Treasury shall, by January 1, 2027, establish a website (TrumpIRA.gov) that provides individuals, with a particular focus on independent contractors, self-employed individuals, and other workers who do not have access to an employer-sponsored retirement plan, with information about high-quality, low-cost IRAs.  Individuals who contribute to qualifying IRAs, and who are otherwise eligible, are entitled to a Federal Saver’s Match contribution of up to $1,000 pursuant to 26 U.S.C. 6433.

(b)  TrumpIRA.gov shall list financial institutions that offer IRAs under 26 U.S.C. 408, accept the Federal Saver’s Match contribution under 26 U.S.C. 6433(e)(2)(C), and meet other criteria, as directed by the Secretary of the Treasury, consistent with applicable law.  In addition, TrumpIRA.gov shall explain the cost and quality criteria described in subsection (c) of this section, allow individuals to filter and select IRAs based on their cost and quality, and provide information regarding the opportunity to receive the Federal Saver’s Match contribution under 26 U.S.C. 6433, consistent with applicable law.

(c)  TrumpIRA.gov shall identify financial institutions that offer IRAs that:

(i)    provide a menu of investment options that meet stated criteria including:

(A)  investment fund products or model portfolios, including life-cycle or targeted-retirement-date options as described in 29 C.F.R. 2550.404c-5(e)(4)(i), or balanced funds as described in 29 C.F.R. 2550.404c-5(e)(4)(ii); or

(B)  funds that are designed to protect principal on an ongoing basis, as described in 29 C.F.R. 2550.404c-5(e)(4)(iv);

(ii)   maintain low administrative costs, with overall net-expense ratios, inclusive of operating costs, management fees, and administrative expenses, limited to .15 percent; and

(iii)  do not impose minimum-contribution or balance requirements.

(d)  In accordance with section 104(a) of the SECURE 2.0 Act, TrumpIRA.gov shall be designed to increase public awareness of the opportunity for eligible individuals to make contributions to retirement-savings vehicles and receive the Federal Saver’s Match contribution; facilitate low-cost, safe, and informed retirement-savings decisions; and increase retirement saving.

Sec. 3.  Federal Saver’s Match Implementation.  (a)  The Secretary of the Treasury shall take all necessary steps, as appropriate and consistent with applicable law, to ensure that qualifying individuals who contribute to IRAs, including those who open IRAs listed on TrumpIRA.gov and otherwise satisfy all applicable requirements, receive the Federal Saver’s Match contribution.

(b)  The Secretary of the Treasury shall take all necessary steps, as appropriate and consistent with applicable law, to encourage financial institutions to accept the Federal Saver’s Match contributions in accordance with rules established by the Secretary.

Sec. 4.  Charitable Contributions.  The Secretary of the Treasury and the Commissioner of the Internal Revenue Service shall, as appropriate and consistent with applicable law, provide guidance with respect to the tax treatment of contributions made by tax-exempt organizations to IRAs maintained by workers who are members of a charitable class entitled to receive the contribution without jeopardizing the organizations’ tax-exempt status.

Sec. 5.  Worker Protection.  The Secretary of the Treasury and the Secretary of Labor shall issue regulations, exemptions, or guidance, as appropriate and consistent with applicable law, to ensure that IRAs maintained by financial institutions, including those listed on TrumpIRA.gov, protect workers, maintain transparency, and prevent prohibited transactions within the meaning of 26 U.S.C. 4975.

Sec. 6.  Legislative Recommendations.  The Secretary of the Treasury, in consultation with the Assistant to the President for Economic Policy, shall prepare legislative recommendations to codify the policy set forth in this order so that workers lacking access to employer-provided retirement plans, including workers in small businesses, part‑time workers, independent contractors, and self-employed workers, have access to a retirement option with low fees, eligibility for the Federal Saver’s Match or other matching contributions, diversified index‑based investment options, automatic portfolio choices, and portability.

Sec. 7.  Severability.  If any provision of this order, or the application of any provision to any individual or circumstance, is held to be invalid, the remainder of this order and the application of its other provisions to any other individuals or circumstances shall not be affected thereby.

Sec. 8.  General Provisions.  (a)  Nothing in this order shall be construed to impair or otherwise affect:

(i)   the authority granted by law to an executive department or agency, or the head thereof; or

(ii)  the functions of the Director of the Office of Management and Budget relating to budgetary, administrative, or legislative proposals.

(b)  This order shall be implemented consistent with applicable law and subject to the availability of appropriations.

(c)  This order is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person.

(d)  The costs for publication of this order shall be borne by the Department of the Treasury.

DONALD J. TRUMP – THE WHITE HOUSE – April 30, 2026.

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Following the EO is this Fact Sheet:

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

DELIVERING RETIREMENT SECURITY TO WORKING AMERICANS: Today, President Donald J. Trump signed an Executive Order to increase access to high-quality, low-cost Individual Retirement Accounts (IRAs), and up to $1,000 in Federal matching contributions, to strengthen the financial security of American workers.

• The Order directs the Secretary of the Treasury to establish TrumpIRA.gov, a new Federal platform designed to connect American workers who do not have access to employer‑sponsored retirement plans with high-quality, low-cost IRAs offered by private-sector financial institutions.
  • TrumpIRA.gov, which will be operational by January 1, 2027, will allow workers to filter and compare IRAs based on cost, quality, and investment options, ensuring that hard-working Americans can make informed retirement savings decisions at low cost.
• The Order directs the Secretary of the Treasury to ensure that workers who contribute to qualifying IRAs and meet the requisite requirements receive the Federal Saver’s Match contribution, one of the most powerful retirement savings incentives available to working Americans.
  • Under the Federal Saver’s Match program, the Federal government will contribute up to $1,000 per year to eligible lower- and middle-income workers who contribute to qualifying retirement accounts.
• The Order directs the Secretary of the Treasury and the Commissioner of the Internal Revenue Service to issue guidance clarifying the tax treatment of contributions made by philanthropic and charitable tax-exempt organizations to IRAs on behalf of eligible workers.
• The Order directs the Secretary of the Treasury to prepare legislative recommendations to codify and build upon the TrumpIRA.gov framework, establishing a permanent path for all Americans to access high-quality, low-cost IRAs and a Federal matching program.

PROVIDING AMERICANS WITH MORE AVENUES TO RETIREMENT INVESTING: President Trump wants to give American workers – particularly independent contractors, part-time workers, small business employees, and self-employed individuals – more investment options in order to attain stronger and more financially secure retirement outcomes.

• In President Trump’s first year back in office, the average 401(k) balance increased by over $24,000 after barely rising at all during the previous four years. President Trump wants all workers to share in economic growth and the power of compounding.
• Roughly 41 million American workers between ages 18 and 65 lack access to any employer-provided retirement plan, and 49 million full-time workers and 14 million part-time workers do not receive an employer match to their retirement savings contributions.
• The Order ensures that all Americans have streamlined access to invest in their future and watch their hard-earned savings grow.
  • For example, a 25-year old low-income worker who steadily saves around $165 per month and qualifies for the Saver’s Match of around $1,000 per year could, at a 6% rate of return, end up with around $465,000 by the age of 65, with nearly $155,000 attributable to the Saver’s Match.
• Research shows that individuals are much less likely to contribute to their retirement account without the incentive of a matching contribution.
  • TrumpIRA.gov will maximize public awareness of the Saver’s Match, ensuring that it reaches its full potential and boosting participation, particularly among workers who historically had no clear path to retirement savings and wealth building.
• Hardworking Americans deserve retirement security in portable savings vehicles that offer access to low-cost investments similar to those offered to Federal workers. Over half of low-income federal employees already successfully utilize the federal retirement-savings program and over 50% more participate when there is a matching contribution from their employer.
• By welcoming philanthropists and nonprofits as charitable partners in the retirement savings mission through clear Treasury guidance on philantrhopic giving, President Trump is unlocking potential for a powerful new source of retirement savings and support.

BUILDING WEALTH AND SECURING RETIREMENT FOR ALL AMERICANS: President Trump is delivering on his promise to put money in the pockets of hard-working Americans and give every family a path to financial security and prosperity.

• President Trump signed the One Big Beautiful Bill Act delivering the largest tax cut in American history, increasing take-home pay by over $10,000 annually for a typical family of four. The bill also established Trump Accounts for newborns to give the next generation a jump start on saving and building wealth.
  • More than six million Americans claimed No Tax on Tips, with an average deduction of over $7,100.
  • More than 25 million Americans claimed No Tax on Overtime, with an average deduction of more than $3,100.
  • More than 30 million seniors have claimed No Tax on Social Security, with an average deduction of over $7,500.
  • Nearly five million children have claimed a Trump Account.
• President Trump signed an Executive Order to allow 401(k) investors to access alternative assets for better returns and diversification.
• President Trump’s deregulatory agenda saved Americans a collective $212 billion in 2025 — roughly $2,500 for each family of four — by cutting red tape across the economy.
• President Trump signed an Executive Order to reduce regulatory burdens that have driven up mortgage costs, limited access for creditworthy borrowers, and weakened community bank participation in lending.
• President Trump is ensuring that the prosperity of the American economy reaches every worker — not just those fortunate enough to have employer-sponsored retirement benefits — today and long into the future.