A new federal retirement savings platform is being developed in the United States to help workers who do not have access to employer-sponsored retirement plans. Through a platform called TrumpIRA.gov, independent contractors, part-time workers, small-business employees, and self-employed individuals will be able to learn about, compare, and select low-cost Individual Retirement Accounts (IRAs).
The initiative, overseen by the U.S. Department of the Treasury, was directed by an executive order issued by President Donald Trump on April 30, 2026. According to the plan, TrumpIRA.gov is expected to launch by January 1, 2027.
One of the platform’s most significant features is the federal Saver’s Match program. According to the Internal Revenue Service (IRS), beginning in 2027, eligible low- and middle-income taxpayers who contribute to qualifying retirement accounts may receive a government contribution matching up to 50% of their eligible savings.
The match could amount to as much as $1,000 annually, based on a 50% match on up to $2,000 in eligible contributions.
However, the benefit will not be available automatically to everyone. Applicants must meet specific income, tax-filing, and other eligibility requirements.
For the 2027 tax year, single filers with modified adjusted gross income (MAGI) of up to $35,500 may qualify for the Saver’s Match. The income limit is $71,000 for married couples filing jointly and $53,250 for heads of household. The matching rate decreases as income rises.
Other eligibility requirements include being at least 18 years old by the end of the tax year, not being claimed as a dependent on another person’s tax return, and meeting the applicable U.S. tax residency requirements. Certain students may face additional restrictions under the program’s eligibility rules.
Importantly, eligible savers will not receive the matching funds immediately when they contribute in 2027. Under current IRS guidance, individuals claiming the match for their 2027 retirement contributions will do so when filing their 2027 federal income tax returns in 2028, using the required forms. Once eligibility is verified, the matching funds will be deposited into the designated retirement account.
TrumpIRA.gov is intended to offer more than basic information about opening an IRA. The platform will allow users to compare eligible accounts based on fees, investment options, and other features. Participating financial institutions will have to meet specified cost, transparency, and investment standards.
Under the proposed framework, eligible accounts will have no minimum contribution or account balance requirements and will offer designated investment options. The program also sets a target of keeping net expense ratios at or below 0.15%, helping investors limit the impact of fees on their long-term savings.
The initiative primarily targets workers who lack access to employer-sponsored retirement plans, such as 401(k)s. Independent contractors, part-time employees, workers at small businesses, and self-employed individuals are among those the program aims to reach.
According to an illustrative example provided for TrumpIRA.gov, a worker who begins saving at age 25 and contributes approximately $165 per month could accumulate around $465,000 by age 65, assuming an annual investment return of 6% and eligibility for the maximum annual Saver’s Match of $1,000. Of that total, approximately $155,000 could come from federal matching contributions.
These figures are illustrative estimates rather than guaranteed outcomes. Actual retirement balances will depend on investment performance, contribution patterns, fees, and other factors.
Under the proposed timeline, workers will be able to compare the costs and investment options of eligible IRAs beginning in January 2027. They can then select an account that suits their needs and begin making regular contributions. Those who meet the requirements may subsequently qualify for the Saver’s Match.
The Treasury Department and the IRS are working to implement the initiative. The IRS has indicated that the Saver’s Match will apply to eligible contributions made beginning in 2027, meaning contributions made in 2026 will not qualify for this new benefit.
The new platform aims to encourage millions of Americans without employer-sponsored retirement plans to build long-term financial security. Before selecting an IRA or making contributions, however, individuals should carefully review their income, tax situation, investment risks, and eligibility requirements.
