Overview
- President Trump signed a decree creating TrumpIRA.gov, a federal portal that will list private IRAs for people who do not get a retirement plan at work.
- The order tells the Treasury to launch the site before the Saver’s Match starts in 2027 and to run a public campaign to explain how the match works.
- Providers on the portal must cap total annual fees at 0.15% and allow accounts with no minimum deposit or balance, which aims to cut costs that erode savings.
- Eligible savers can qualify for the Saver’s Match starting in 2027, with the government contributing up to $1,000 per person, or $2,000 for couples, based on income and how much they save.
- The White House urges Congress to write the policy into law and consider broader eligibility or automatic enrollment, while experts warn sign-ups may lag because participation is voluntary and more than 50 million workers currently lack coverage.