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Continuing Your Saving and Investing Journey

The U.S. Department of the Treasury has decided to phase out the myRA retirement savings program. Read on for important details about your account and next steps to take.

myRA Phasing Out

Over the next few months, the U.S. Department of the Treasury will be phasing out the myRA® program.

Your myRA is a type of retirement savings plan called a Roth IRA. To continue your savings and investing journey, you will need to move the money you saved so far to a new Roth IRA account of your choosing. The myRA website has been updated to include information to help you navigate decisions along the way.

Thank you for being a part of myRA. Now continue your saving and investing journey!

Step 1: Select a new Roth IRA provider

First, some comparison shopping between various Roth IRA providers. To do this, we’ll show you a few things you might want to consider as you look for a new provider.

Step 2: Open your new Roth IRA & move funds

After you’ve selected a new provider, it’s time to open your account. We’ll show you how to get started, and the recommended way to move your myRA funds.

Continue Saving

You have taken several important steps on your journey by opening a myRA account. Now, it is very important for you to keep saving. Learn more about the tax benefits of saving for retirement, the power of compounding interest, and the details of Roth IRAs.

Learn more about saving