Trump to launch TrumpIRA.gov in Retirement Savings Executive Order
President Donald Trump will sign a retirement savings executive order on Thursday directing the Treasury Department to launch TrumpIRA.gov for workers whose employers do not offer a retirement plan. The marketplace would let those workers select their own plans and could help them prepare for the Saver’s Match when it begins in 2027.
TrumpIRA.gov and Treasury
The order tells Treasury to build the website by 2027, when the Saver’s Match is scheduled to go live. Treasury will vet the plans listed on TrumpIRA.gov, but it will not partner with specific financial institutions.
The site is aimed at workers who lack employer-provided retirement coverage, a group the Economic Innovation Group has put at about 54 million full- or part-time workers. Some 27 million people who qualify for the Saver’s Match are not enrolled in a plan where they can collect it.
Saver’s Match eligibility
Workers who make less than $35,500 as an individual or $71,000 as a couple can use a plan selected through the marketplace to claim the Saver’s Match. Congress passed the legislation in 2022, directing the federal government to match contributions from low-income workers with up to $1,000 starting next year.
The executive order also directs Treasury to run an awareness campaign and issue guidance on how private-sector donors can contribute to workers’ IRAs. It asks Treasury and the National Economic Council to draft legislative recommendations that could automatically enroll workers in private-sector IRAs and could also make more workers eligible for the Saver’s Match.
Obama's myRA lesson
The administration has been looking for ways to reach workers without employer-provided retirement plans. Trump shut down the myRA retirement-savings push in 2017 after citing “extremely low” demand, and state-run online marketplaces for retirement plans have largely been unsuccessful.
This version is built around a narrower goal: give workers without a workplace plan a way to get into the Saver’s Match system before 2027, without Treasury tying the program to one financial firm or a state-run enrollment model.
