U.S. President Donald Trump is set to sign an executive order on Thursday aimed at widening access to retirement savings plans for workers who lack employer-sponsored options. According to a White House official, the order directs the U.S. Department of the Treasury to develop a new platform, TrumpIRA.gov, designed to connect individuals with retirement plan options and encourage long-term savings.
The initiative builds on provisions from the Secure 2.0 Act, passed under former President Joe Biden. The law enhanced the existing saver’s credit by introducing a refundable “saver’s match,” allowing eligible low-income workers earning under $35,000 to receive a government contribution of up to $1,000 directly into their retirement accounts. The website is expected to be operational by January, coinciding with the rollout of these benefits.
The Treasury Department will reportedly vet retirement plans listed on the platform but will not partner directly with financial institutions. The move comes amid ongoing economic uncertainties, even as Trump highlights stock market gains. A recent study by the Pew Charitable Trusts revealed that nearly half of private-sector workers in the United States—around 56 million people—currently lack access to employer-based retirement benefits, underscoring the need for broader inclusion in retirement savings systems.
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