

A new Trump administration website could allow some Americans to receive up to $1,000 a year in government‑matched retirement savings, under an executive order signed Thursday aimed at expanding access to individual retirement accounts.What Is TrumpIRA and What Executive Order Was Signed?President Donald Trump signed an executive titled "Promoting Retirement-Savings Access for American Workers by Establishing TrumpIRA.gov." The site is designed as an online marketplace where workers without employer‑sponsored retirement plans can compare and enroll in private‑sector IRAs, according to the White House and the Treasury Department. The initiative is timed to coincide with the rollout of the federal “Saver’s Match,” a program created under the 2022 SECURE 2.0 law passed during the Biden administration. That program replaces a tax credit with direct government contributions to qualifying retirement accounts....Who Is Eligible for the Saver's Match Program? Under Saver’s Match, eligible low‑income workers who contribute to an IRA, Roth IRA or 401(k) could receive a federal match of up to $1,000 per year. The SECURE 2.0 Act states that the program will offer a maximum match of $1,000 to single filers earning less than $20,500 a year, with smaller matches offered for those earning up to $35,500. According to Treasury guidelines,
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The Washington Times · 39h
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