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Benzinga
  • 4 hours ago
Trump signed an executive order launching TrumpIRA.gov to expand retirement access for the 56 million Americans without employer plans, with low-income savers eligible for up to $1,000 annually through the Saver's Match program. The initiative builds on Secure 2.0's 50% match on up to $2,000 in contributions, effective tax year 2027.
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00:00It's Benzinga, bringing Wall Street to Main Street.
00:02President Trump signed an executive order Thursday to expand retirement savings access for workers
00:07without employer-sponsored plans, according to CNBC. The order directs the launch of
00:13TrumpIRA.gov next year, where users can compare and enroll in private IRA accounts
00:19and potentially receive federal matching contributions.
00:22Trump said low-income Americans could receive up to $1,000 annually through the Savers Match
00:28Program. The initiative builds on Secure 2.0, which takes effect in tax year 2027 and provides
00:36a 50% match on up to $2,000 in contributions for eligible taxpayers. About 56 million Americans
00:44lack workplace retirement plans. The order also calls on Congress to expand eligibility and
00:50benefits through legislation. For all things money, visit Benzinga.com.
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