Who is eligible for Trump’s new order expanding retirement benefits?
Summary
President Donald Trump signed an executive order that expands retirement benefits for workers who do not have retirement plans from their employers. Starting January 1, 2027, eligible workers can sign up for Individual Retirement Accounts (IRAs) through a new government website called TrumpIRA.gov.Key Facts
- President Trump signed the executive order on Thursday.
- The order aims to help employees without employer retirement benefits.
- The Treasury Department will launch TrumpIRA.gov on January 1, 2027.
- The website will let eligible workers enroll in private-sector Individual Retirement Accounts (IRAs).
- IRAs are personal retirement savings accounts that workers manage themselves.
- The move is designed to increase retirement savings options for workers lacking workplace plans.
- The executive order is linked with efforts to improve retirement security for Americans.
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