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For lower- and moderate-income workers who contribute to retirement savings<\/a>, the new federal Saver\u2019s Match \u2014 scheduled to start with the 2027 tax year \u2014 could be a much-welcomed addition to their nest egg<\/a>. Yet many current savers may first need a different account to get the money.<\/p>\n Authorized by the 2022 Secure 2.0 retirement legislation, the Saver\u2019s Match program will provide income-eligible retirement savers with a matching annual contribution worth up to $1,000 for single tax filers and $2,000 for joint filers. They can receive that benefit whether they save through a workplace plan like a 401(k)<\/a> or an individual retirement account<\/a>. <\/p>\n The catch: Although contributions to an IRA may qualify workers for the match, any money the worker is entitled to can only go into a traditional IRA \u2014 not a Roth IRA<\/a>. This means that workers who save via a Roth \u2014 including nearly all of those enrolled in state-run auto IRA programs<\/a> \u2014 would need a traditional account to receive the match, experts say.<\/p>\n As of April 30, more than 1.2 million accounts in the state programs held $3 billion in assets, according to <\/a>Center for Retirement Initiatives at Georgetown University.<\/p>\n<\/div>\n