Trump Signs Order Expanding Access to Retirement Accounts

Well that doesn't sound sketchy at all

Trump announced a new retirement account that provides a federal matching contribution to eligible low-income Americans. The IRA accounts will be available in January; details still to come. (gift link) www.nytimes.com/2026/04/30/y...

www.nytimes.com/2026/04/30/y...

The executive order doesn’t create new retirement accounts, but would direct individuals to “low cost” I.R.A.s offered by private companies through a new website called TrumpIRA.gov, which President Trump has directed the Treasury Department to create by January. www.nytimes.com/2026/04/30/y...

Biden provided the $ for the accts but Trump gets all the credit. "This “saver’s match,” which President Joseph R. Biden Jr. signed into law in 2022 and takes effect next year, matches up to 50 percent of what a worker contributes, capped at $1,000 for individuals and $2,000 for couples."

Trump makes it easier for people who don't have money to open 'retirement accounts' so politically connected corporations can charge fees for servicing these accounts. www.nytimes.com/2026/04/30/y...