Trump signs order to launch TrumpIRA.gov for retirement access
Updated
Updated · Reuters · Apr 30
Trump signs order to launch TrumpIRA.gov for retirement access
16 articles · Updated · Reuters · Apr 30
A White House official said the site is due by January to help workers without employer plans, with Pew estimating about 56 million private-sector employees lack such benefits.
The portal is intended to connect eligible savers to vetted plans as low-income workers begin receiving a federal Saver's Match of 50% up to $1,000.
The match, created under Biden-era Secure 2.0 in 2022, replaces an earlier tax credit and comes as Trump highlights market gains despite economic worries over Iran and tariffs.
With a new federal $1,000 match available, will this finally close the massive retirement savings gap for 56 million Americans?
Could the new government-backed TrumpIRA.gov unintentionally lead more small businesses to drop their own employee retirement plans?
As new rules allow alternative assets in 401(k)s, are everyday savers ready for the risks of private equity and crypto?