Roth IRA owners may need a second retirement account to claim the new Saver's Match
The new federal Saver's Match program will provide income-eligible retirement savers with a matching annual contribution worth up to $1,000 for single tax filers and $2,000 for joint filers. However, the match can only be deposited into a traditional IRA, not a Roth IRA, which may require some workers to open a second account. This could affect workers who save via a Roth IRA, including those enrolled in state-run auto IRA programs, who would need a traditional IRA to receive the match.
- ▪The Saver's Match program will provide a matching annual contribution worth up to $1,000 for single tax filers and $2,000 for joint filers.
- ▪The match can only be deposited into a traditional IRA, not a Roth IRA.
- ▪Over 1.2 million accounts in state-run auto IRA programs hold $3 billion in assets as of April 30.
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| Original publisher | CNBC — Personal Finance |
| Canonical URL | https://www.cnbc.com/2026/05/29/roth-ira-owners-may-need-a-second-account-to-claim-the-savers-match.html |
| Publication time | Fri, 29 May 2026 17:18:47 GMT |
| Retrieval time | 2026-05-29T17:20:02.488Z |
| Last seen | 2026-05-29T17:20:02.488Z |
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Opening excerpt (first ~120 words) tap to expand
For lower- and moderate-income workers who contribute to retirement savings, the new federal Saver's Match — scheduled to start with the 2027 tax year — could be a much-welcomed addition to their nest egg. Yet many current savers may first need a different account to get the money.Authorized by the 2022 Secure 2.0 retirement legislation, the Saver's Match program will provide income-eligible retirement savers with a matching annual contribution worth up to $1,000 for single tax filers and $2,000 for joint filers. They can receive that benefit whether they save through a workplace plan like a 401(k) or an individual retirement account.
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