Trump signs executive order creating new retirement accounts for workers without 401(k)s

Literally a biden era policy that he is directly taking credit for. All this does is create a website for it.

>The $1,000 government matching contribution highlighted in the announcement stems from the SECURE 2.0 Act, a bipartisan retirement security package signed into law by President Joe Biden in December 2022.

>This law replaced the older “Saver’s Credit” (a nonrefundable tax credit) with the “Saver’s Match.” Under this provision, which is legally set to take effect on January 1, 2027, the federal government will provide a 50% match on up to $2,000 in retirement contributions (a maximum of $1,000) for eligible low- and middle-income earners. Instead of a tax credit, the money is deposited directly into the worker’s qualified retirement account.

The recent executive order directs the Treasury Department to create a federally vetted portal called [TrumpIRA.gov](http://TrumpIRA.gov), which is also slated to launch by January 1, 2027.