US President Donald Trump has announced an executive order designed to expand retirement savings access for millions of Americans without employer-sponsored plans, such as 401(k)s. This initiative targets approximately 56 million workers, particularly benefiting low-income individuals through a federal matching contribution of up to $1,000 annually. The program, which will allow eligible participants to open low-cost Individual Retirement Accounts (IRAs) similar to those available to federal employees, is set to launch next year. Participants can access the program via a proposed platform, TrumpIRA.gov, where they can select qualifying retirement plans and receive the federal match if they meet the criteria. The Treasury Department will manage the rollout, ensuring that approved plans are listed and accessible. Trump emphasized that this initiative could significantly enhance financial security for many Americans, framing it as a revolutionary step in retirement savings.