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  In The News
McClatchy Newspapers: Secretary Lew Op-Ed – myRA: A Start to a Secure Retirement

 
Pittsburgh Post-Gazette: myRA, worth a try: Obama has a sound idea to help Americans save

 
Chicago Tribune: Why myRA?

 
Toledo Blade: myRA, Worth a Try

 
Fortune: Finally, a retirement plan friendly to smaller savers?

 
  Partner Tools/Resources
myRA FAQ

 
myRA Fact Sheet

 
myRA At A Glance

 
myRA Video

 
 

myRA: A New Retirement Savings Account from Treasury

In his 2014 State of the Union address, President Obama announced that the U.S. Department of the Treasury is developing a new way for workers to start saving for the future. The myRASM ("My Retirement Account") program – expected to begin rolling out in late 2014 – will offer a new retirement savings account for individuals looking for a simple, safe, affordable way to start saving. Key features of myRA will include:

  • Initial contribution of at least $25 and ongoing contributions of $5 or more every payday
  • No fees
  • Account will never go down in value
  • A retirement savings bond with the same variable interest rate as a low-risk investment option available to federal government employees
  • Portable – not tied to a single employer
  • Roll over to a private-sector provider at any time
  • Build savings for 30 years or $15,000, then transfer to a private-sector provider
  • Roth IRA tax advantages

Please consider sharing news and information about myRA with your networks, including posting messages such as these on your social media channels:

  • @USTreasury announces plans for a new #retirement account called #myRA. Learn about it here: http://go.usa.gov/kvph
  • Looking for a simple, safe, affordable way to save? Learn about it @USTreasury's #myRA. http://go.usa.gov/kvVB
  • #myRA: A new #retirement account will be developed by @USTreasury. Simple, safe, affordable. http://go.usa.gov/kvVB

The following materials provide more information on the new retirement account:

For additional information, visit www.treasurydirect.gov/readysavegrow.

 

TreasuryDirect is a registered mark of the U.S. Department of the Treasury.
Ready.Save.Grow. is a service mark of the U.S. Department of the Treasury.
myRA is a service mark of the U.S. Department of the Treasury.

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