The new TrumpIRA.gov platform will directly connect self-employed and gig economy workers to private-sector IRAs with federal matching funds. By January 2027, Americans without employer-sponsored plans can compare investment options by cost and quality on a single government-run website.
President Donald J. Trump has signed an executive order creating a federally backed retirement savings initiative that breaks from traditional employer-based models. The order directs the U.S. Treasury to launch TrumpIRA.gov, a first-of-its-kind digital marketplace where independent contractors, part-time employees, small business staff, and self-employed individuals can open high-quality, low-cost Individual Retirement Accounts through private financial firms. Unlike conventional 401(k) plans, which leave out nearly half of private-sector workers, this platform aims to fill a critical gap by offering direct federal matching contributions of up to $1,000 per year for eligible savers.
Set to go live by January 1, 2027, TrumpIRA.gov will function as a transparent comparison tool, allowing users to filter IRAs based on fees, investment performance, and portfolio options. The goal is to empower workers who have historically been shut out of workplace retirement plans to make informed, low-cost decisions without needing a financial advisor. Research cited in the order shows that matching incentives dramatically boost participation rates, and the new site will aggressively promote the existing Saver’s Match credit to maximize enrollment among low- and middle-income households.
“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.” Source:TrumpIRA.gov
