Trump's new executive order, with help from Congress, could increase U.S. retirement wealth up to 77%, researchers find
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Trump's executive order created a new way for Americans to save for retirement and called on Congress to expand the parameters of the deal.
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Related Stories Save and Invest Trump pitches new federal retirement accounts as soon as 'next year'—how to save now Work The gender pay gap doubles over the course of women's careers: Glassdoor report Food, Travel and Tech Sri Lanka launched a new digital nomad visa—find out if you qualify Spend Trump says the U.S. is 'richer and stronger than ever'—some Americans don't feel it Psychology and Relationships Gen Z is embracing the prenup, says family law attorney: ‘The taboo of divorces is long gone’ Save and Invest Trump's new executive order, with help from Congress, could increase U.S. retirement wealth up to 77%, researchers find Published Fri, May 1 2026 3:00 PM EDT Ryan Ermey Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email US President Donald Trump holds an event to sign an executive order in the Oval Office at the White House in Washington, DC on April 30, 2026. Brendan Smialowski | AFP | Getty Images President Donald Trump signed an executive order Thursday to create a new way to save for retirement for workers who don't currently have access to a 401 or another workplace plan. Roughly 56 million Americans lack access to an employer-sponsored retirement plan at work, according to 2025 research from the Pew Charitable Trusts, an independent public policy nonprofit. The order calls for the launch of a new website next year, TrumpIRA.gov, where workers could research, compare and enroll in private-sector individual retirement accounts through which, if eligible, they could collect a matching contribution from the federal government. "You'll then be able to access the same type of retirement accounts that federal employees enjoy through the Thrift Savings Plans, which are incredible, as part of the federal Saver's Match program," Trump said at a White House press conference. "Low-income Americans will be eligible to receive up to $1,000 per year in matching funds deposited directly into their accounts....
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