"The new site will launch in January 2027, timed to align with the start of Saver's Match, a federal program enacted in 2022 under President Joe Biden to match retirement contributions, with a maximum match up to $1,000 per individual."
"Workers will be able to filter retirement plans by factors like 'cost, minimum contribution, and minimum balance,' Semafor reported."
"Roughly 60% of Americans report having access to a retirement plan such as a 401(k), a 2025 Gallup survey revealed. However, the percentage drops to just 28% for households earning less than $50,000."
"To remedy this gross disparity, I'm announcing that next year, my administration will give these often-forgotten American workers-gre."
President Trump signed an executive order to create TrumpIRA.gov, an online marketplace for retirement plans for workers lacking employer-provided options. Launching in January 2027, it aligns with the Saver's Match program, which matches contributions for eligible individuals. The Treasury Department will draft recommendations to expand the plan, including automatic enrollment. Currently, 60% of Americans have access to retirement plans, but only 28% of households earning under $50,000 do. The initiative addresses the lack of retirement plan access for many workers.
Read at Fast Company
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