Retirement Account (myRA) Program Being Terminated

///Retirement Account (myRA) Program Being Terminated

On July 28, 2017, the Department of Treasury announced that it will be shutting down the my Retirement Account (myRA) program. The program was put in place by former President Barack Obama as a means to help those who did not have access to a retirement account at work to save for retirement.

Jovita Carranza, the United States Treasurer, explained that the program is being discontinued because it cost too much compared to the demand for the accounts.

For more information, please see the Department of Treasury’s myRA press release announcement

2017-08-16T15:25:13-05:00