Treasury Department's Retirement Savings Plan -- myRA -- Opens for Business Today

Treasury Department myRA

Today, the Treasury Department launched the Obama administration's solution to the problem of complicated and onerous retirement savings accounts: myRA.gov.  A very good retirement-savings option, especially for those who don't have access to a retirement saving plan at their place of work.

Benefits include:

• It's safe; it's a Roth IRA which utilizes a new U.S. Treasury retirement savings bond.
• It's affordable; zero fees / costs.
• It's simple; no bewildering array of investment options.

NB: If you are already taking advantage of a 401(k) plan at your job, you'll probably want to stick with it, especially if your employer is augmenting it with matching contributions.

For a little more, click here for a clip from today's Nightly Business Report on +PBS.

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DECEMBER 4, 2017 UPDATE: myRA IS NOW DEAD

It is with much disappointment that we report that the myRA program is no longer accepting deposits, as of December 4, 2017.  For more on this, please click here.

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