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How to check if you're eligible for new Trump retirement accounts – and how much in matching contributions you can get

New York Post·Victor Nava·about 1 month ago
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President Trump signed an executive order Thursday aimed at getting tens of millions of American workers enrolled in retirement accounts.  The order further directs the Treasury Department to implement the Federal Saver’s Match program to boost Individual Retirement Account (IRA) savings.  Here’s what you need to know about the new accounts and the billions of dollars in federal matching available.  Low-income individuals will be eligible for up to $1,000 in federal matching. Who is eligible? Through the website TrumpIRA.gov – launching in January 2027 – all Americans will be eligible to browse and enroll in “high-quality, low-cost” IRA plans offered by private-sector financial institutions.  The plans offered will cater to “American workers who do not have access to employer‑sponsored retirement plans,” according to the White House, particularly independent contractors, part-time workers, small business employees and self-employed individuals.  About 41 million Americans between the…

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