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Expanded Access to Retirement Savings for Lower-Income Families

Written by Jennifer DeJoy | Published on June 23, 2026
pink piggy banks lined up in a row

Saving for retirement can be challenging, especially for families without access to workplace plans. A new federal effort signed by President Trump expands access to retirement savings by allowing more lower- and middle-income workers to open accounts and receive a $1,000 federal Saver’s Match when they contribute. Read more from The Trump IRA Program Could Help More Workers Save by Miriam Cross

Here in Maine we also have the MERIT (Maine Retirement Investment Trust) program. This program offers a simple way for workers without employer plans to save through automatic payroll contributions. Read More

Together, the Maine Retirement Investment Trust program and the $1,000 federal savers match are making it easier for more families to start building financial stability for the future.

CA$H Maine is a statewide collaboration of eight coalitions, comprised of 50 non- and for-profit partners, working together to help empower Maine individuals and families to achieve long-term financial stability.