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About myRA

Changes are coming to the myRA retirement savings program

The U.S. Department of the Treasury has decided to phase out the myRA® retirement savings program and the program is no longer accepting new enrollments. However, funded accounts remain open and accessible at this time. Funds in myRA accounts remain in an investment issued by the U.S. Department of the Treasury. Important note: Deposits will no longer be accepted beginning December 4, 2017.   Learn More.

What is myRA?

myRA (my Retirement Account) is a Roth IRA—an individual retirement account in which earnings and withdrawals are tax-free under certain circumstances—that invests in a U.S. Treasury retirement security which is guaranteed to never lose dollar value. A myRA has no fees and has no minimum balance or contribution (deposit) requirements.

Where can I find the regulation that authorizes Treasury to issue the retirement security for myRAs?

The regulation governing the U.S. Treasury retirement security used in myRA is found in the Code of Federal Regulations (CFR) at 31 CFR Part 347 and can be accessed at gpo.gov. Updates to this regulation are published in the Federal Register before being incorporated into the CFR. You can check for Federal Register updates through gpo.gov as well.

Who manages and administers the accounts?

Comerica Bank serves as the custodian for all myRAs. For myRA, Comerica Bank is a financial agent of the federal government and in that capacity performs specific duties and responsibilities on behalf of the U.S. Treasury, including account management and administration.

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