President Donald Trump signed an executive order on Thursday aimed at overhauling how millions of Americans save for their golden years.
The order officially directs the Treasury Department to launch a new digital hub, TrumpIRA.gov, by the start of 2027 to help part-time workers and independent contractors access the same types of low-cost retirement perks usually reserved for corporate and federal employees.
The centerpiece of the move is a push to connect “left-out” workers with the Federal Saver’s Match. Under the SECURE 2.0 Act, eligible savers can receive a government-funded match of up to $1,000 for their retirement contributions. The new website is designed to be a one-stop shop where people can find private-sector IRAs that meet strict government standards for low fees and high transparency.
In the text of the order, the President noted that tens of millions of people currently lack access to a workplace retirement plan. This group includes small-business employees, gig workers, and the self-employed, all of whom often face high barriers to building a nest egg.
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“Hard-working Americans deserve retirement security in portable savings vehicles that offer access to low-cost investments similar to those offered to Federal workers,” the order states.
The order sets a high bar for the financial institutions that want to be featured on the new platform. To qualify for a listing on TrumpIRA.gov, an IRA must limit its total administrative fees to no more than 0.15 percent. Additionally, these plans cannot require a minimum deposit to open an account or force users to maintain a specific balance. The goal is to steer workers toward diversified, index-based investments like life-cycle or “target-date” funds that automatically adjust as a person gets closer to retirement.
Beyond the website, the order tells the Treasury and Labor departments to write new rules to protect workers from hidden costs and “prohibited transactions.” It also clears the way for charities to contribute to the IRAs of the people they serve without losing their tax-exempt status.
While the website is a primary focus, the President is also asking for new legislative recommendations to make these portable, low-fee options a permanent fixture of the American economy. The Treasury Department has been tasked with handling the costs of the rollout and ensuring that the platform is ready for the public by January 1, 2027.
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