The White House has outlined how Americans can find out whether they qualify for Donald Trump’s new retirement initiative, which is expected to expand access for millions in the coming years.
President Trump signed an executive order on Thursday (April 30) aimed at bringing far more US workers into retirement savings accounts.
In its announcement, the White House said the move is designed to reach groups that often miss out on workplace retirement benefits — including employees at small businesses, part-time staff, independent contractors and people who are self‑employed — with the possibility of receiving up to an extra $1,000 through matching support.
Speaking during a signing ceremony at the White House on Thursday, Trump said: “Beginning at the start of next year, every American will be able to go to TrumpIRA.gov and open a new low-cost IRA account.
“You’ll then be able to access the same type of retirement accounts that federal employees enjoy.”
Officials said the approach would mirror the Thrift Savings Plan currently available to federal employees across the country.
They said in a press release: “Tens of millions of Americans lack access to employer-sponsored retirement plans. Workers in small businesses, part-time workers, independent contractors, and self‑employed workers face unnecessary barriers to saving for retirement.
“My Administration intends to give these often-left-out American workers access to the same type of retirement-savings opportunities offered to every Federal worker and to establish an easy and transparent way for eligible workers to obtain up to a $1,000 match for their savings.”
Under the plan, people would use TrumpIRA.gov to explore and manage the program, with the website currently slated to go live in January 2027.
The White House also said Americans will be able to review their options and enroll in a ‘high-quality, low-cost’ Individual Retirement Account (IRA). These accounts are expected to be made available through private-sector financial institutions beginning next year.
Trump had already previewed the concept of expanding retirement saving access earlier in the week, referencing it during his 2026 State of the Union address.
He said: “We have millions and millions of people – because the stock market has done so well, setting all those records – your 401(k)s are way up.
“Yet, half of all of working Americans still do not have access to a retirement plan with matching contributions from an employer.
“To remedy this gross disparity, I’m announcing that next year, my administration will give these often-forgotten American workers – great people; the people that built our country – access to the same type of retirement plan offered to every federal worker.”