President Donald Trump signed an executive order on April 30 to create a new federal website to comparison shop for retirement savings accounts, similar to the way TrumpRx.gov allows consumers to search for prescription drugs.
Trump aims to have the site live before 2027, when the federal government will begin matching retirement savings contributions made by middle- and lower-income workers.
“Beginning at the start of next year, every American will be able to go to TrumpIRA.gov and open a new, low-cost IRA account,” Trump said when announcing the order.
Congress authorized the matching contribution, called the Saver’s Match, in 2022. It will match up to $1,000 in contributions made by people earning less than $35,000 per year, or $2,000 for married couples who file jointly….