\n<\/p>\n
US President Donald Trump signs executive orders in the Oval Office of the White House in Washington, DC on September 5, 2025. <\/p>\n
Mandel Ngan | Afp | Getty Images<\/p>\n<\/div>\n<\/div>\n<\/div>\n
President Donald Trump is expected to sign an executive order as soon as Thursday to create a new type of retirement account for workers who don’t currently have access to a 401(k) or another workplace plan. <\/p>\n
Trump initially floated the idea<\/a> of creating the accounts, which would come with a federal matching contribution of up to $1,000, during his State of the Union address in February. <\/p>\n Roughly 56 million Americans lack access to an employer-sponsored retirement plan at work,\u00a0according to 2025 research\u00a0<\/a>from the Pew Charitable Trusts, an independent public policy nonprofit.<\/p>\n Trump’s plan, first reported by Semafor, will be integrated with the Saver’s Match, a provision from 2022 legislation known as Secure 2.0, which goes into effect starting in tax year 2027. <\/p>\n Under those rules, single taxpayers with an adjusted gross income of $20,000 (or joint filers making up to $40,000), qualify for a government match worth 50% of up to a $2,000 contribution to a qualified retirement account, for a maximum match of $1,000 a year. Single filers with annual incomes between $20,000 and $35,000 qualify for reduced contributions.<\/p>\n In 2025, the\u00a0Morningstar model of retirement outcomes<\/a>\u00a0projected that Americans eligible for the match would receive a 12% boost to their wealth in retirement.<\/p>\n This is a developing story. Please check back for updates.<\/strong><\/em><\/p>\n<\/div>\n
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