Trump’s Retirement Expansion Rests on Treasury, Congress Actions

President Donald Trump‘s push to expand retirement plan access for workers without employer-sponsored accounts shifts the spotlight onto the Treasury Department and lawmakers to turn the concept into reality and make it a long-term success.

Trump on Thursday signed an order that directed Treasury to create a website by Jan. 1, 2027, that offers workers without access to an employer-sponsored retirement plan a portal featuring information about low-cost individual retirement accounts. Certain low-income individuals who opt to contribute to an IRA would be eligible for a government match of up to $1,000.

Trump’s order is an incremental but meaningful ...