TrumpIRA.gov: President Signs Order to Expand Retirement Savings for 54 Million Workers

In a move aimed at closing the "coverage gap" for the nearly 54 million Americans without employer-sponsored retirement plans, President Trump signed an executive order today, April 30, 2026, to launch a new national retirement savings marketplace. The initiative, centered around a forthcoming portal at TrumpIRA.gov, seeks to provide gig workers, part-time employees, and small-business staffers with the same wealth-building tools currently enjoyed by federal employees and corporate 401(k) participants.

The "Trump IRA" and the Thrift Savings Model

The executive order directs the Treasury Department to establish an online marketplace where workers can find and enroll in private-sector retirement plans.

The Model: President Trump described the goal as giving "often-forgotten workers" access to plans similar to the federal Thrift Savings Plan (TSP)—known for its low fees and simple, index-based investment options.
The Launch: The website is slated to go live by the start of 2027, coinciding with the rollout of the federal Saver’s Match program.
A Private-Sector Focus: Unlike the now-defunct Obama-era "myRA," which was restricted to low-yield Treasury bonds, TrumpIRA.gov will allow workers to select from a variety of private-sector investment vehicles, including lifecycle funds and diversified stock and bond index funds.

The $1,000 Federal "Saver’s Match"

A cornerstone of the administration’s strategy is the integration of the Saver’s Match, a provision originally passed in 2022 under the SECURE 2.0 Act.

Direct Deposit: Starting in 2027, the federal government will provide a matching contribution of up to $1,000 per year for low-to-moderate-income workers.
Eligibility: Individuals earning less than $35,500 (or $71,000 for couples) who contribute to a qualifying IRA via the new portal will have the federal match deposited directly into their retirement accounts.
Portability: These accounts are designed to be "universal and portable," meaning they remain with the worker even if they switch jobs or move between gig-economy platforms.

2026 Retirement Limits and "Super Catch-Ups"

The executive order comes as broader retirement changes from the One Big Beautiful Bill (OBBBA) take effect this year.

Higher Limits: For 2026, the annual 401(k) contribution limit has risen to $24,500, while the IRA limit has increased to $7,500.
The "Super Catch-Up": A new provision allows workers aged 60 to 63 to contribute up to $11,250 in catch-up funds, significantly higher than the standard $8,000 catch-up for those over 50.
Senior Tax Breaks: The OBBBA also introduced a new $6,000 tax deduction for seniors age 65 and older, providing additional relief for those already in or nearing retirement.

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