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Trump Launches New Retirement Site for Workers
Description
Trump Launches TrumpIRA.gov: New Site for Workers Without Employer Plans
President Trumps executive order introduces TrumpIRA.gov, a platform for workers without employer retirement plans to explore and compare private options like 401(k)s and IRAs. The Savers Match program, part of a 2022 law, begins in January, offering up to $1,000 for single filers or $2,000 for married couples filing jointly, with lower matches for lower earners. This initiative targets 56 million Americans without workplace plans, providing access to low-cost accounts similar to federal workers Thrift Savings Plan. The move aims to help forgotten workers build nest eggs without relying on employers.
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