Retirement savings can feel out of reach for many Americans who lack employer-sponsored 401(k) plans, but a new initiative aims to change that. In early 2025, President Trump signed an executive order directing the creation of an online marketplace called TrumpIRA.gov, set to launch in January 2027. This platform will allow workers without workplace retirement accounts to choose from vetted private-sector plans. Combined with the existing Saver's Match program—a federal matching contribution for low- and middle-income earners—this effort could help millions start saving. Below, we answer key questions about how this plan works, who qualifies, and what it means for your financial future.

What is TrumpIRA.gov and how does it work?

TrumpIRA.gov is a proposed online marketplace where workers whose employers do not offer a retirement plan can compare and select private-sector retirement accounts. Scheduled to launch in January 2027, the site will be operated by the Treasury Department. Users can filter options by factors like cost, minimum contribution, and minimum balance. Importantly, while the Treasury will vet the plans listed, it will not partner directly with any financial institutions. The goal is to provide a one-stop shop for individuals to find affordable, accessible retirement savings vehicles. This timing aligns with the start of the Saver's Match program, a federal matching initiative that could boost contributions for eligible workers.

Who qualifies for the Saver's Match program?

The Saver's Match is a federal program enacted in 2022 under President Biden that provides a matching contribution for retirement savers. To qualify as a single filer, you must earn less than $35,500 per year. The match is capped at $1,000 per individual annually. This program replaces the older Saver's Credit, which was a nonrefundable tax credit that only reduced your tax bill. The Saver's Match is more generous because it directly contributes to your retirement account, even if you owe no taxes. It's designed to encourage low- and moderate-income workers to save, and it will be integrated with the TrumpIRA.gov platform so that users can automatically benefit from the match when they open an eligible account.

What else does the executive order do?

Beyond creating the TrumpIRA.gov marketplace, the executive order instructs the Treasury Department and the National Economic Council to draft legislative recommendations. These proposals may include automatic enrollment of workers into retirement plans and expanding eligibility for the Saver's Match. The goal is to make saving effortless and to reach more Americans who currently lack access. Notably, while the Treasury will vet the plans on the marketplace, it will not form partnerships with any financial institutions. This independence is intended to ensure unbiased choices for workers. The executive order builds on Trump's 2026 State of the Union address, where he highlighted that half of working Americans do not have access to an employer-sponsored retirement plan with matching contributions.

How many Americans currently lack access to retirement plans?

According to a 2025 Gallup survey, roughly 60% of Americans report having access to a retirement plan like a 401(k). However, this figure drops dramatically for lower-income households—only 28% of those earning less than $50,000 per year have such access. This disparity means millions of workers are left to save on their own, often without the benefit of employer matching or tax-advantaged accounts. The new TrumpIRA.gov initiative specifically targets this gap, aiming to provide a straightforward pathway for those without workplace plans to start saving. Combined with the Saver's Match, it could help reduce the retirement savings crisis among moderate- and low-income families.

When does TrumpIRA.gov launch and what happens next?

The TrumpIRA.gov website is scheduled to launch in January 2027. This date was chosen to align with the start of the Saver's Match program, ensuring that workers can immediately take advantage of the federal matching contributions. In the meantime, the Treasury Department will work on drafting regulations and vetting private-sector plans for inclusion on the platform. The executive order also directs the National Economic Council to propose additional legislation, such as automatic enrollment features. For now, workers without a 401(k) should stay informed—once the marketplace goes live, they'll be able to browse, compare, and enroll in retirement plans that meet their needs.

Can I use TrumpIRA.gov if my employer offers a 401(k)?

The executive order explicitly targets workers whose employers do not provide a retirement plan. If your employer already offers a 401(k) or similar plan, you would not be the primary audience for TrumpIRA.gov. However, the marketplace is intended for the roughly 40% of American workers who lack any workplace retirement savings option. If your employer does offer a plan but you choose not to participate, it's unclear whether you'd be eligible to use the marketplace. The focus is on closing the gap for those without access, so the platform will likely require you to certify that you have no employer-sponsored plan available. Always check official guidelines once the site launches.