The 2027 Saver's Match program, offering up to $1,000/$2,000 annual retirement savings match for low-to-moderate income workers, requires matches to be deposited into traditional IRAs, posing an issue for Roth IRA users, including those in state auto-IRA programs.
President Trump signed an executive order Thursday to create TrumpIRA.gov, a new website launching in 2027 where workers without employer-sponsored retirement plans can enroll in private-sector IRA accounts and receive federal matching contributions through the Saver's Match program. Low-income Americans earning up to $20,000 (single) or $40,000 (joint) qualify for up to $1,000 annually in matching funds. Roughly 56 million Americans lack access to employer-sponsored retirement plans, and 26 million eligible for Saver's Match currently have no way to collect it.
President Trump will sign an executive order Thursday to create a new retirement account for the roughly 56 million Americans without employer-sponsored retirement plans. The order integrates with the Saver's Match from Secure 2.0, providing up to $1,000 in federal matching contributions for workers earning up to $20,000 (single) or $40,000 (joint). The Saver's Match takes effect in tax year 2027, with Morningstar projecting a 12% wealth boost for eligible recipients.
President Donald Trump is expected to sign an executive order creating a new retirement account option for the approximately 56 million Americans who lack access to employer-sponsored retirement plans. The accounts would provide federal matching contributions of up to $1,000, integrated with the Saver's Match provision from Secure 2.0 legislation that takes effect in tax year 2027. Single taxpayers earning up to $20,000 and joint filers earning up to $40,000 would qualify for the 50% match on contributions up to $2,000.
