NASE Welcomes New Retirement Savings Accounts as a Critical Step Toward Retirement Security for America’s Self-Employed
FOR IMMEDIATE RELEASE: May 8, 2026
CONTACT: Kristofer Eisenla, LUNA+EISENLA
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Nation's Leading Self-Employed Advocacy and Resource Association Calls New Federal Retirement Platform a Creative and Welcome Solution for Self-Employed and Micro-Business Owners Left Behind by Employer-Sponsored Plans
WASHINGTON, D.C. — The National Association for the Self-Employed (NASE) , the nation's leading advocate and resource for the self-employed and micro-business community, welcomes the launch of Trump IRA accounts as a “bold and necessary step toward closing the retirement savings gap that has long left self-employed Americans behind.” President Donald J. Trump recently signed an Executive Order expanding access to high-quality, low-cost Individual Retirement Accounts, including up to $1,000 in federal matching contributions, marking a significant milestone in strengthening the long-term financial security of America's working entrepreneurs.
“The Trump IRA is exactly the kind of creative solution the self-employed community has needed for far too long," said Keith Hall , president and CEO of the National Association for the Self-Employed (NASE) , the nation's leading advocate and resource for the self-employed and micro-businesses. “For decades, self-employed Americans have navigated retirement savings entirely on their own with no employer match, no automatic enrollment, no safety net. This executive order is a step in the right direction toward changing that equation. We have long championed creative retirement solutions for our community, and we welcome this new option for those who have created their own job. Every entrepreneur deserves the same opportunity to retire with dignity and security while living out their dream job.”
The move builds on the momentum of Trump Accounts , the administration's landmark savings program for children. Nearly 5 million American children have already enrolled in Trump Accounts, with the $1,000 government matching contribution serving as a key incentive. With the Trump IRA, that same vision now extends to the working adults powering our economy — including the more than 33+ million self-employed Americans who have never had access to an employer-sponsored retirement plan. Together, the two programs represent a generational commitment to financial security: one giving American children a head start, the other ensuring the entrepreneurs who built this country can retire with the dignity they have earned.
Roughly 56 million Americans lack access to an employer-sponsored retirement plan at work. The program is specifically intended for low-to-moderate income workers in small businesses, part-time employees, independent contractors, self-employed individuals, and other workers without access to an employer-sponsored retirement plan. The Order directs the Secretary of the Treasury to establish TrumpIRA.gov, a new federal platform designed to connect American workers with high-quality, low-cost IRAs offered by private-sector financial institutions, operational by January 1, 2027.
The executive order specifies that IRA providers listed on TrumpIRA.gov must maintain low administrative costs, with an overall annual expense ratio that may not exceed 0.15% of one's account balance, and providers are prohibited from imposing minimum-contribution or balance requirements — making the accounts accessible to even the smallest of micro-businesses.
The Saver's Match program, which coincides with the executive order, offers up to $1,000 a year in matching retirement contributions for lower-income workers, with joint filers earning $41,000 or less qualifying for the maximum match rate of 50%.
“We have long advocated for expanded retirement options for the self-employed and encourage our members and the broader small business community to explore TrumpIRA.gov when it launches in 2027, ” concluded Hall.
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The National Association for the Self-Employed (NASE) is the nation's leading advocate and resource for the self-employed and micro-businesses, offering a broad range of benefits to help entrepreneurs succeed and to drive the continued growth of this vital segment of the American economy.
The NASE NextBizThing helps identify and connect our nation’s smallest businesses. Need small business help? Check out NASE’s Ask the Experts for advice or the NASE Minute for small business support. To help new and existing business owners with the costs of business ownership, the NASE also offers a series of financial calculators for budgeting and financial analysis. Members can also apply for Growth Grants of up to $4,000 to fund specific business needs and Dependent Scholarships of up to $3,000 to support their families' educational goals.
The NASE is a 501(c) (6) nonprofit organization and provides big-business advantages to hundreds of thousands of micro-businesses across the United States. For more information, visit the association's website at NASE.org