Trump's new executive order, with help from Congress, could increase U.S. retirement wealth up to 77%, researchers find
By Ryan Ermey
Published on May 1, 2026.
US President Donald Trump has signed an executive order to create a new way to save for retirement for workers who do not currently have access to a 401(k) or another workplace plan. The order includes the launch of a new website, TrumpIRA.gov, where workers can enroll in private-sector individual retirement accounts through which they can receive a matching contribution from the federal government. These accounts will be integrated with the Saver's Match, a provision from 2022 legislation providing matching contributions of up to $1,000 for lower-income Americans saving for retirement. The Trump administration hopes to work with Congress to pass legislation expanding access to the program and increase the match. Investment research firm Morningstar found that cumulative American retirement wealth could rise by as much as 77%, adding up to €1.35 trillion in projected retirement wealth over 10 years.
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