The White House has outlined how Americans can find out whether they qualify for Donald Trump’s newly announced retirement initiative, which it says could help millions build savings over the coming years.
President Trump signed an executive order on Thursday (April 30) aimed at expanding access to retirement accounts, potentially bringing tens of millions of workers into new plans.
According to a White House press release, the policy is designed to reach groups that often miss out on employer-backed benefits — including employees at small businesses, part-time staff, independent contractors, and people who are self‑employed — with the potential for participants to receive up to an additional $1,000.
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.”
The White House said the approach is intended to mirror the Thrift Savings Plan currently available to federal employees nationwide.
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.”
People will be able to explore the program through TrumpIRA.gov, a website the administration says is scheduled to go live in January 2027.
The plan would allow Americans to review and sign up for what the White House describes as a “high-quality, low-cost” Individual Retirement Account (IRA), expected to be provided by private-sector financial institutions starting next year.
Trump had also previewed a push to increase retirement saving access before this week’s executive order, raising the issue 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.”