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What We Know About the Trump IRA Program So Far

NerdWallet·Sam Taube·18 days ago
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On April 30, President Trump signed an executive order to set up TrumpIRA.gov, an online marketplace "designed to connect American workers who do not have access to employer‑sponsored retirement plans with high-quality, low-cost IRAs offered by private-sector financial institutions .” The order provides some information on how the new program might work and teases a $1,000 annual government match for qualifying retirement savers, but the key details won't be set in stone until the website officially launches by January 2027. Here's what we know so far — and what two certified financial planners say you should keep in mind as the program takes shape. What is the Trump IRA program? In contrast to the recently launched Trump Accounts , the new “Trump IRA” program doesn't appear to be a government-run investment account. Instead, the executive order describes the forthcoming TrumpIRA.gov website as more of a web portal or shopping tool for IRAs.…

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