President Trump has signed an executive order that expands access to retirement accounts. The order aims to make it easier for workers who don't have access to employer-based plans to open a retirement account through a federal platform.

Yahoo Finance's Jennifer Schonberger has been following that story. Jen.

Hey there, Josh. That's right. President Trump signed an executive order this week to expand access to retirement accounts for Americans who don't have 401Ks. This is expected to be a game changer for so-called gig workers like Uber drivers and others who don't have employer sponsored 401K plans.

Now, under this plan, the federal government will offer up to a match of $1,000 every year for lower and middle-income workers who contribute income to those funds.

These plans will be set up by Treasury under Trumpira.gov and will be available starting January 1st, 2027.

This coming as the Trump administration wraps up financial literacy month. Treasury Secretary Scott Besen, a long-time proponent of financial literacy, who has been promoting financial literacy throughout the month of April, capped it off by welcoming more than 50 students from across the Washington DC area for financial literacy Fair at the Treasury with partners including Robin Hood and financial investments.

The focus on budgeting, saving and planning, which comes after the administration earlier this year launched the Children's Savings Plan and tool known as the Trump accounts.

Treasury has set up mymoney.gov to offer educational tools to help people learn, save, budget, and invest. Secretary Besen saying financial literacy is a necessity and Treasury's goal is to help Americans make informed financial decisions.